Latest data released by Eurostat - 2 July 2019
- Prior -0.3%
- PPI +1.6% vs +1.7% y/y expected
- Prior +2.6%
A slight dip in producer and import prices on the month but the data here carries little weight considering that it acts as a proxy of inflationary pressures in the euro area; and that we had June CPI figures already released last week so the report here is very much a lagging indicator as such.
EUR/USD sits steady at 1.1293 currently, holding in a 24 pips range thus far.
