The New Zealand dollar NZD/USD rose 0.50% against the U.S. dollar during the day and is now trading at 0.6004; the Australian dollar AUD/USD rose more than 0.50% against the U.S. dollar during the day and is now trading at 0.6545.

Source: Italian Prime Minister Meroni plans to invite Brazil, India and South Africa to attend the summit as G20 members.

Spot palladium rose more than 2.00% during the day and is now trading at $1,072.45 per ounce.

Institutional comments on US PPI data: The PPI increase in March was lower than expected, which makes people optimistic that the Federal Reserve does not have to continue to implement aggressive interest rate policies.

Emerging market currencies gave up some of their losses after the release of U.S. PPI data.

U.S. short-term interest rate futures rose after the release of U.S. PPI and initial jobless claims data.

The USD/CHF exchange rate fell 0.50% during the day and is now trading at 0.9081.

U.S. Treasury yields fell after the release of U.S. PPI data for March.

Analyst Alexander Weber: The ECB remains focused on three conditions for setting interest rates: the inflation outlook, underlying inflation dynamics and the transmission of monetary policy.

The annual rate of core PPI in the United States in March was 2.4%, in line with expectations of 2.30% and the previous value of 2.00%.

The four-week average of initial jobless claims in the United States for the week ending April 6 was 214,250, compared with 214,250 in the previous week.

The number of people continuing to claim unemployment benefits in the United States in the week ending March 30 was 1.817 million, compared with expectations of 1.80 million and the previous value of 1.791 million.

The U.S. dollar/Swiss franc USD/CHF fell below 0.91, down 0.30% on the day.

ECB: The portfolio of the Pandemic Emergency Purchase Program (PEPP) will be reduced by an average of 7.5 billion euros per month in the second half of the year.

The euro/GBP exchange rate is now down 0.25% at 0.8546.