EUR/USD traded modestly higher on Thursday after US Producer Price Index (PPI) data came in softer than expected. The pair recovered from an intraday low of 1.1511, which marked its lowest level in more than a week.
According to FX Street, EUR/USD was trading around 1.1537 following this rebound. The softer PPI figures weighed on the US dollar, providing some support to the euro against the greenback.
For Japanese investors, the modest recovery in EUR/USD highlights ongoing volatility in FX markets amid mixed US inflation signals, which can influence trading strategies across FX and equities sectors.