EUR/USD is trading lower following a greater-than-expected rise in the producer price index for February.
Portfolio Pulse from Benzinga Newsdesk
EUR/USD is trading lower due to a greater-than-expected rise in the producer price index for February.
April 03, 2024 | 5:46 am
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The EUR/USD pair is experiencing a decline as a result of a significant increase in the producer price index for February, which was higher than anticipated.
The unexpected rise in the producer price index typically signals higher future inflation, which can lead to a stronger dollar as investors anticipate potential interest rate hikes to combat inflation, thus negatively impacting EUR/USD.
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IMPORTANCE 90
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