FX.co ★ EURUSD at its peaks

EURUSD

An important report on US Producer Price Inflation (PPI) for March was released:

Final demand, seasonally adjusted, experienced a 0.5% decline, core PPI dropped 0.1%.

Both indicators are significantly below forecasts.

The weekly unemployment report was released - the number of initial claims increased, but not significantly, just to 239,000.

Low inflation is good for the U.S. market, but not for the dollar.

However, a strong labor market is in favor of the dollar.

The euro rose to new highs on Wednesday - but there's a feeling that the growth is coming to an end.

Let's start selling from 1.1050 and boost it further, observing risks, up to 1.1160.