US: PPI contracted 0.7% MoM in April

The Labour Department reported that Producer Prices fell 0.7% MoM during April, below expectations at -0.6% and March’s print at -0.6%. Over the last twelve months, prices rose 0.6%, missing...
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Forex: AUD/USD bounces to 0.9900 barrier after US PPI

The AUD/USD has continued its downtrend Wednesday, though the pair received an impetus from the release of US economic data recently. Subsequently, the cross bounced off the 0.9870 level to trade presently at 0.9896/98.
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