Euro Edges Higher Against Dollar After Soft US PPI Data

EUR/USD held modest gains on Thursday as softer-than-expected US Producer Price Index data failed to trigger a strong reaction in the pair.

At the time of writing, the euro traded around 1.1537 against the dollar, after recovering from an intraday low of 1.1511.

The pair’s earlier dip marked its lowest level in more than a week, before the euro edged higher following the US inflation report.