Investing.com - U.S. import prices continued to advance in June, coming one month after its largest increase in more than four years, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said import prices increased by a seasonally adjusted 0.2% last month, below forecasts for a 0.5% gain. Import prices rose by 1.4% in May, which had been its largest advance since March 2012.
Export prices rose by a seasonally adjusted 0.8% in June, compared to expectations for an increase of 0.4% and following a 1.2% gain a month earlier that was revised from an initial reading of a 1.1% increase.
EUR/USD was trading at 1.1073 from around 1.1067 ahead of the release of the data, GBP/USD was at 1.3264 from 1.3266 earlier, while USD/JPY was at 104.45 from 104.54 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 96.40 compared to 96.44 ahead of the report.
Meanwhile, U.S. stock futures pointed to a slightly higher open. The Dow futures pointed to a gain of 19 points, or 0.10%, the S&P 500 futures indicated a rise of 4 points, or 0.16%, while the Nasdaq 100 futures increased 10 points, or 0.23%.
Elsewhere, in the commodities market, gold futures traded at $1,343.25 a troy ounce, compared to $1,341.85 ahead of the data, while crude oil traded at $46.41 a barrel from $46.34 earlier.