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EUR/USD Rises as US Treasury, German-Italian Bond Spread Fall

October 10, 2018 by

EUR/USD gained today as US Treasury yields paused a rally. Additionally, the German-Italian bond spread narrowed, signaling that concerns about the Italian budget eased a bit. Now, traders wait for tomorrow’s US Consumer Price Index report.

PPI rose 0.2% in September on a seasonally adjusted basis, matching analysts’ forecasts exactly. The index declined 0.1% in August. (Event A on the chart.)

Wholesale inventories rose 1.0% in August from July following the 0.6% increase in the previous month. Analysts had expected a smaller increase by 0.8%. (Event B on the chart.)

If you have any comments on the recent EUR/USD action, please reply using the form below.

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