U.S. import prices FELL 2.5% in December
U.S. import prices dropped less than expected in December, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices dropped off by a seasonally adjusted 2.5% last month, compared to forecasts for a 2.9% decline. Import prices decreased by 1.8% in November.
EUR/USD was trading at the level of 1.1802 from in the level of 1.1775 ahead of the release of the data, since GBP/USD was at 1.5232 from 1.5196 earlier, although USD/JPY was at 116.44 from 116.82 earlier.
The US dollar index, which follows the greenback against a basket of six major opponents, was at 92.11, compared to 92.33 ahead of the report.
In the meantime, U.S. stock futures extended losses. The Dow futures pointed to a fall of 1.2% at the open, the S&P 500 futures fell 1.2%, whereas the Nasdaq 100 futures fell 1%.