» Forex - Dollar helped by better PPI news; S&P500 up by 0.5%

The US dollar gained against the Euro higher on better than expected PPI figures yesterday. German ZEW sentiment index for April came out at -40.7 worse than the expected -30.0 and versus -32.0 previous. The EURUSD pair has fundamentally and technically over-extended itself and it’s time for a retracement.

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