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US: PPI dropped 0.6% MoM in March

FXstreet.com (Barcelona) - The Labour Department reported that producer Prices contracted 0.6% MoM during March, missing expectations at -0.2% and February’s print at 0.7%. Over the last twelve months, prices rose 1.1% vs. the median at 1.4% and previous 1.7%.

Ex food and energy, wholesale prices rose 0.2% MoM and 1.7% YoY.

Forex: GBP/USD bounces off support to 1.5364/67

The GBP/USD found itself edging higher after the publication of several US indicators Friday during US trading. After bouncing nearly 10 pips in recent moments, the pair now finds itself setting at 1.5364/67, down -0.12%.
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Eurogroup releases statement on Cyprus

Eurozone finance ministers, who are holding talks in Dublin today, have released a statement on Cyprus in which they assure that the country has met all the requirements, allowing for the bailout deal to be completed.
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