Investing.com - U.S. import and export prices fell less than expected in November, but still put an end to two consecutive months of increases, official data showed on Tuesday.
In a report, the U.S. Bureau of Labor Statistics said import prices declined by a seasonally adjusted 0.3% last month, less than forecasts for a 0.4% drop. Import prices rose by 0.4% in October, downwardly revised from an initial 0.5% gain.
Export prices also dropped by a seasonally adjusted 0.1% in November, compared to expectations for an decrease of 0.2% and following a 0.2% gain a month earlier.
Immediately following the report, EUR/USD was trading at 1.0629 from around 1.0611 ahead of the data, GBP/USD was at 1.2714 from 1.2707 earlier, while USD/JPY changed hands at 115.03 compared to 115.14 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 100.97, compared to 101.07 ahead of the report.
Meanwhile, U.S. stock futures pointed to a slightly higher open. The Dow futures pointed to a gain of 71 points, or 0.36%, the S&P 500 futures indicated a rise of 7 points, or 0.32%, while the Nasdaq 100 futures increased 19 points, or 0.40%.
Elsewhere, in the commodities market, gold futures traded at $1,165.35 a troy ounce, compared to $1,163.75 ahead of the data, while crude oil traded at $53.12 a barrel from $53.09 earlier.
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