In the Asian session on Tuesday (June 6), the latest price of EUR/USD was 1.0715, and the opening price was 1.0712. According to data, PPI in the euro zone increased by 1% year-on-year in April, which was expected to be 1.5% and the previous value was 5.5%. In April, the PPI fell by 3.2% month-on-month, which was lower than expected.
Economist Jack Allen-Reynolds said that while core inflation in the euro zone had peaked, that would not stop the ECB from raising interest rates further in June and July. Market analysis believes that the recent manufacturing PMI data indicates that PPI will continue to slow down, which means that the data in May may show a negative annualized overall data, which indicates that the CPI of basic commodities in the euro zone will weaken, which is very important for the European Central Bank Will be further good news. With service sector inflation rising in the euro zone, the ECB remains focused on services sector inflation.
