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EUR/USD falls as US PPI beats all forecasts on all counts

The January US Producer Price index (PPI) report  has just been released and it has surprised to the upside across all matrix. The gains have sent the dollar immediately higher. The USD/JPY has spiked above 150.50 and the EUR/USD has fallen to below 1.0750 and may not be finished with yet. This PPI data was well above consensus and it has surprised the markets and sent the US treasury yields higher again too. The EUR/USD is currently trading at 1.0745

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