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EMU: PPI declines 0.1% in August

FXStreet (Łódź) - The Eurozone Producer Price Index slid 0.1% in August, following a 0.2% decrease in July, Eurostat reported on Thursday. Market consensus pointed to a 0.2% decline.

Year-over-year EMU PPI fell 1.4%, slightly down from the 1.3% decrease and below expectations of -1.2%.

European Monetary Union Producer Price Index (YoY) registered at -1.4%, below expectations (-1.2%) in August

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SEB: EUR/USD downside spikes points higher - eFXnews

The eFXnews team remark that the SEB observes EUR/USD downside spikes pointing higher which might be due to short covering ahead of the ECB monetary policy meeting.
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