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U.S. import prices fall 0.4% in April

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Investing.com -

Investing.com - U.S. import prices fell unexpectedly in April, official data showed on Tuesday.

In a report, the U.S. Bureau of Labor Statistics said U.S. import prices decreased by a seasonally adjusted 0.4% last month, compared to forecasts for a 0.3% gain.

Import prices for March were revised down to a 0.4% gain from a previously reported rise of 0.6%.

Year-over-year, U.S. import prices fell at an annualized rate of 0.3% in April, following a 0.6% drop in March.

Following the release of the data, the U.S. dollar held on to gains against the euro, with EUR/USD shedding 0.36% to trade at 1.3708.

Meanwhile, U.S. stock index futures pointed to a modestly higher open. The Dow pointed to a gain of 0.15%, the S&P 500 indicated a rise of 0.15%, while the Nasdaq 100 signaled an increase of 0.1%.

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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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