US: Import prices decline 0.3% in May, USD doesn't react
|The data published by the U.S. Bureau of Labor Statistics on Thursday showed that the import price index fell 0.3% on a monthly basis in May amid lower fuel prices and dragged the annual rate down to -1.5% from -0.2%. On the other hand, export prices fell 0.2% and 0.7% on a monthly and yearly basis, respectively.
Other data from the U.S. revealed that initial jobless claims rose to 222,000 in the week ending June 7 to come in worse than the market expectation of 216,000.
None of today's data was able to receive a meaningful reaction from the market and the US Dollar Index was last seen at 96.95, where it was virtually unchanged on a daily basis.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.