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US annual PPI inflation rises to 4% in March vs. 4.6% expected
Producer inflation in the United States, as measured by the change in the Producer Price Index (PPI), rose to 4% on a yearly basis in March from 3.4% in February, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in below the market expectation of 4.6%.Fxstreet
Tue, Apr 14
ADP Employment Change 4-week average increases to 39K
Private-sector hiring in the US has added extra momentum in late March. According to the NER Pulse, the weekly companion to the ADP National Employment Report, companies added an average of 39K jobs per week in the four weeks ending March 28.Fxstreet
Tue, Apr 14
EUR/USD: Pair seen returning to 1.20 – Societe Generale
Societe Generale’s Kit Juckes notes that EUR/USD had previously rallied faster than relative rates implied on expectations of a weaker Dollar under President Trump, but now lags rate differentials as the US economy outperforms the Eurozone and retains safe-haven appeal.Fxstreet
Tue, Apr 14
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