Spain PPI June mm +1.8% vs +0.8% prev

Spain June PPI report 26 July 2016

• yy -4.7% vs -5.6% prev revised down from -5.5%
• consumer goods +0.4% mm, +0.2% yy
• capital goods +0.1% mm +0.4% yy
• intermediate goods +0.4% mm -2.2% yy
• energy goods +6.8% mm -15.2% yy

Generally stronger price data which is welcome but not a game changer in its own right.

EURUSD looking perky still but caught up in cross plays again.