EURUSDEuro / US Dollar
1.1712
-0.30%
Past
What happened
EUR/USD slipped to 1.1712 as the dollar caught a bid on a scorching PPI print -- wholesale inflation jumped 1.4% MoM, the hottest since March 2022.
Why
Why it matters
The PPI surprise pushes back Fed cut expectations, but the real test is whether the Trump-Xi summit in South Korea produces any trade de-escalation that could undercut the greenback.
Watch
What to watch
Trump-Xi face-to-face tomorrow -- any tariff rollback language sends DXY lower and EUR higher; a breakdown re-opens 1.1650.
HEADLINES