The euro fluctuated and went down yesterday, and the daily line closed down slightly. The current exchange rate is trading around 1.0850.
In addition to the fact that the U.S. dollar index rose under the hawkish support of the June meeting minutes released by the Federal Reserve, which is the main reason for the weakening of the euro, the weak economic data in the euro zone during the period also put a certain pressure on the exchange rate.
Data show that the PPI in the euro zone in May fell by 1.9% month-on-month and 1.5% year-on-year, both of which exceeded market expectations. Focus on the pressure around 1.0950 today, and the lower support is around 1.0750.