Market Analysis: USD Movement and Impact of PPI Data
Friday, 12 July 2024, 13:26
Market Analysis on USD Movement
The post-PPI scenario reflects USD's retracement and subsequent brief upsurge.
GBPUSD Performance
- High: GBPUSD hits a new yearly high
USDJPY Evaluation
- Low: USDJPY tests retracement levels
USDCHF Status
- High: USDCHF stays bearish below key moving averages
The market analysis provides insights into the currency movements post-PPI data release.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.