U.S. ECONOMICS: U.S. Trade Price Preview - Consensus Imports -0.2% and Exports -0.1%
July import prices are scheduled to be released Thursday at 8:30 a.m. ET. Import prices are expected to fall 0.2% (consensus range -0.6% to 0.0%) while export prices should show a 0.1% decline (consensus range -0.6% to 0.2%). The U.S. trade price report revealed the expected June drop in food export prices and boost in oil import prices that allowed divergent headline swings, though price declines for natural gas depressed the ex-oil and ex-food trade price measures, and "core" prices fell to leave a weaker than expected price trajectory into mid-year.
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