More Of The Same?

The Euro had a tough time of it yesterday.  The EUR/USD currency pair never got on track and retraced  early gains. The 1.3000 level is still in sight, but elusive. Today brings the US PPI data at 13:30 GMT. With an eye on waning oil prices, traders are looking for this number to boost the Dollar. With the current market bias pointing lower, only a major surprise will reverse the heavy EUR/USD pair. Consensus is for a modest 0.50% uptick.