European Monetary Union Producer Price Index (YoY) below expectations (-3%) in January: Actual (-3.4%)

FXStreet.com (Barcelona)

Mar 3, 2015

European Monetary Union Producer Price Index (MoM) came in at -0.9%, below expectations (-0.7%) in January

EUR/USD drops close to five week lows at 1.1170

EUR/USD reversed upbeat German retail sales induced gains and fell in red below 1.12 threshold during the mid-European session mainly due to broad based recovery witnessed in the US dollar.