At 08:00 (GMT+2) in Germany, the April producer price index (PPI) will be published. This is the main indicator of the level of inflation in the country, reflecting the monthly change in prices for goods and services provided by manufacturers, and has a significant impact on the decisions of regulators in the field of monetary policy. If the indicator continues to show negative dynamics from 0.2% on a monthly basis and from -2.9% on an annual basis, this will act as a driver for a decrease in euro quotes.
