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fxJul 15, 2026, 5:48 PM

Euro rises as soft US PPI pressures Dollar

EUR/USD climbed near 1.1450 on Wednesday as a weaker-than-expected US Producer Price Index weighed on the US Dollar.

EURUSD

The euro gained ground against the US dollar on Wednesday, with the pair trading around the 1.1450 level. The move came after the release of softer-than-expected US Producer Price Index data, which put downward pressure on the greenback.

The PPI reading suggests easing inflationary pressures in the US, reducing the case for aggressive Federal Reserve tightening. This weighed on the dollar, allowing EUR/USD to extend its recent advance.

Source: FXStreet Forex News