EUR/USD near 1.1604 (−~0.25% on the day) despite the ECB’s +25 bp hike, as August PPI YoY 5.4% beat the 5.3% forecast and lifted the dollar. DXY ~99.10; claims 206K. Stamps kept separate — not averaged.
The euro slipped on Thursday even after the ECB’s 25 bp hike, as hot US producer-price data lifted the dollar.
EUR/USD trades around 1.1604, down roughly 0.25% on the day, as the US Dollar recovers on hot PPI and rising Treasury yields. Follows ECB +25 bp print and EUR ahead of ECB.
DXY around 99.10, recovering from an intraday low of 98.71; 10-year Treasury yield around 4.90%, highest since November 2023.
US headline producer prices rose 5.4% YoY in August versus forecast 5.3%; prior 4.8% (revised from 4.7%). Headline MoM 0.4% (equals forecast 0.4%). Core MoM 0.2% (below forecast 0.3%); Core YoY 4.6% matched consensus; prior 4.3% (revised from 4.2%).
Initial jobless claims dropped to 206K for the week ending September 5 versus forecast 205K; prior 207K (revised from 206K). Four-week moving average 206K. Continuing claims 1.774M for the week ending August 29 (below forecast 1.78M).
Also see: Lagarde: Inflation Well Above Target Into 1H27; ECB Data-Dependent on Further Tightening.
Informational only. Not trading advice, signals, or a guarantee of any market outcome.
Written and fact-checked with AI assistance, reviewed by a human editor before publication.
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