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EUR/USD Outlook: Upbeat US PPI Weighing on Euro

Started by forex4you, Dec 13, 2022, 08:43 am

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Dec 13, 2022, 08:43 am
EUR/USD Outlook: Upbeat US PPI Weighing on Euro

US producer prices (PPI) increased by 0.3% last month, beating forecasts. Markets are awaiting the US inflation report. The ECB is also expected to hike rates by 50bps this week. Today’s EUR/USD outlook is bearish. On Monday, the dollar rose little against the Euro as US producer inflation data for November came in somewhat hotter … Continued


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