The USD is lower after the PPI data. GBPUSD moved to new highs. EURUSD back above MAs

The USD is moving lower after better-than-expected U.S. PPI data reinforced the view that inflation pressures continue to ease. The softer inflation reading has weighed on the greenback, lifted equity futures, and pushed Treasury yields lower after an initial move higher ahead of the report. GBPUSD: The pair has climbed to a new session high, moving further…

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