Producer prices in U.S. dropped unexpectedly
PPI index in U.S. dropped by 1.0% in May- Commerce Department informed today.
The data was a surprise for analysts who forecasted that producer prices will fell only by 0.6%, since April decline reached only 0.2%.
Comparing with May 2011 index improved by 0.7%, which is less than 1.1% expected.
The main couple EUR/USD was traded at 1.2558 after news announcement.