When is the US PPI data for March and how could it affect EUR/USD?

The U.S. Producer Price Index (PPI) data for March is scheduled for release on April 12, 2024, at 12:30 GMT, providing insight into input inflation pressures ahead of the more comprehensive CPI print. A higher-than-expected reading could reinforce Federal Reserve rate hold expectations, supporting the USD through elevated real yield differentials, while a soft print may amplify rate cut bets and weigh on the dollar. EUR/USD, currently sensitive to U.S. inflation dynamics, could face downward pressure if strong PPI data widens the U.S.-Eurozone policy divergence, particularly as the ECB has signaled a dovish tilt. The pair’s reaction will hinge on whether the data confirms persistent inflationary pressures, affecting front-end Treasury yields and dollar funding costs. Traders will closely watch the core PPI annual change, forecast at 2.8%, and subsequent revisions as a proxy for underlying demand-pull inflation ahead of the Fed’s May meeting.

The US Dollar (USD) is the world's primary reserve currency and the base for most forex majors. Headlines about Federal Reserve policy, US macro data (CPI, NFP, GDP), and Treasury yield shifts typically drive USD pair direction within seconds of release.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

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