U.S. import and export prices decline in June
Investing.com - U.S. import prices fell as expected in June, while export prices unexpectedly declined, official data showed on Tuesday.
In a report, the U.S. Bureau of Labor Statistics said import prices decreased by a seasonally adjusted 0.2% last month, in line with forecasts. Import prices declined by 0.1% in May, revised from an initial 0.3% decrease.
Export prices unexpectedly dropped by a seasonally adjusted 0.2% in June, compared to forecasts for no change. That followed a 0.5% decline a month earlier that was revised from an initial reading of a 0.7% decrease.
Following the report, EUR/USD was trading at 1.1546 from around 1.1548 ahead of the data, GBP/USD was at 1.3008 from 1.3010 earlier, while USD/JPY changed hands at 112.13 compared to 112.11 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 94.50, compared to 94.48 ahead of the report.
Meanwhile, U.S. stock futures pointed to a flat to lower open. The Dow futures slipped 20 points, or 0.09%, the S&P 500 futures edged down 3 points, or 0.10%, while the Nasdaq 100 futures lost 10 points, or 0.16%.
Elsewhere, in the commodities market, gold futures traded at $1,238.26 a troy ounce, compared to $1,238.96 ahead of the data, while crude oil traded at $46.73 a barrel from $46.78 earlier.
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