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U.S. import prices fall 0.2% in June

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Investing.com - U.S. import prices fell unexpectedly in June, declining for the fourth consecutive month, official data showed on Thursday.

In a report, the U.S. Bureau of Labor Statistics said U.S. import prices fell by a seasonally adjusted 0.2% in June, defying expectations for a 0.1% increase.

Import prices for May were revised down to a 0.7% drop from a previously reported decline of 0.6%.

Year-over-year, U.S. import prices rose at an annualized rate of 0.2% last month, below expectations for a 0.4% increase.

Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.6% to trade at 1.3058.

Meanwhile, U.S. stock index futures remained higher. The Dow Jones Industrial Average futures indicated a gain of 0.9% at the open, S&P 500 futures pointed to a rise 1%, while the Nasdaq 100 futures indicated an increase of 0.9% at the open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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