EURUSD on Monday dropped -0.47% to 1.08156. What we know. | Dofollow Social Bookmarking Sites 2016
Facing issue in account approval? email us at info@ipt.pw

Click to Ckeck Our - FREE SEO TOOLS

1
URUSD Analysis

Performance after Monday
Period Pct Chg Momentum
Monday -0.47% -51.6 Pips
Week to-date -0.49% -52.8 Pips
October -2.88% -321 Pips
Upcoming key events (London Time)

No major events for the day.

What happened lately

In Germany, the Producer Prices Index (PPI) saw a notable downturn. Over a twelve-month timeframe, the index declined to -1.4% in September, following a smaller decrease of -0.8% in August. This marks a significant year-on-year reduction in producer prices, suggesting that the cost pressures faced by producers in Germany are easing further. Additionally, on a month-to-month basis, the PPI also fell to -0.5% in September, compared to an increase of 0.2% in the previous month. This decrement in the short-term PPI complements the broader annual decline, highlighting a continued trend of decreasing wholesale price levels in the German market. The data from the Federal Statistical Office, Destatis, reflects changing economic dynamics, potentially as a response to lower demand pressures or adjustments in production costs.

Comments

Who Upvoted this Story