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Eurozone producer prices rose more than expected in April, adding to evidence that inflation pressures are continuing to build beneath the surface of the economy. Producer Price Index increased 0.6% mom, above expectations of 0.4% Read more…
The Japanese Yen bounced slightly briefly after fresh intervention warnings from Tokyo, but the market’s overall message appears unchanged: traders are still eyeing another test of the 160 level. After USD/JPY flirted with the intervention Read more…
EUR/USD remained under pressure on Wednesday, holding at 1.1629. The US dollar continues to draw support from difficulties in negotiations between the US and Iran, as well as a renewed escalation of tensions in the Read more…