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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