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  • The euro–US dollar exchange rate (EUR/USD) briefly climbed toward the 1.18 area on Tuesday before retreating to around 1.1720 on Wednesday. The pullback was largely driven by short-covering activity in the market.

  • EUR/USD. The euro is showing mixed performance against the US dollar, consolidating near the 1.1720 level. Investors are focused on Germany’s producer price inflation data for November, which showed the PPI declining year-on-year from –1.8% to –2.3%, slightly worse than the forecast of –2.2%, while the monthly reading slowed from 0.1% to 0.0%. However, these figures are unlikely to have a significant impact on the single currency, as market participants remain more concerned about overall economic growth prospects.

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