At 11:00 (GMT+2), June data on the Eurozone Producer Price Index will be published. The indicator reflects the change in the price of goods at the wholesale level (raw materials, semi-finished products and final goods are taken into account). Higher producer prices are fueling consumer inflation. If the value continues to show negative dynamics from -0.2% MoM and from -4.2% YoY, this will act as a driver for the decline in euro quotes.
