🚨 BREAKING: EURO SLIDES AS DOLLAR SURGES ON FED PICK & HOT U.S. INFLATION

EUR/USD dropped around 0.75% after markets reacted to Kevin Warsh’s Fed nomination and stronger-than-expected U.S. producer inflation data.

📊 Key Drivers:

• Hawkish Fed expectations boosting the U.S. Dollar

• Hot PPI data reducing chances of fast rate cuts

• U.S. Treasury yields rising above ~4.25%

💡 Market Reaction:

Dollar demand surged, pushing EUR/USD lower despite stable Eurozone data.