Investing.com - U.S. import prices fell more than expected in October, as low oil prices weighed, 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 0.5% last month, compared to forecasts for a 0.1% drop. Import prices fell by 0.6% in September.
EUR/USD was trading at 1.0695 from around 1.0692 ahead of the release of the data, GBP/USD was at 1.5116 from 1.5112 earlier, while USD/JPY was at 123.30 from 123.35 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 99.44, compared to 99.47 ahead of the report.
Meanwhile, U.S. stock futures pointed to a lower open. The Dow futures pointed to a loss of 0.15%, the S&P 500 futures ticked down 0.15%, while the Nasdaq 100 futures shed 0.4%.
Elsewhere, in the commodities market, gold futures traded at $1,088.30 a troy ounce, compared to $1,088.00 ahead of the data, while crude oil traded at $44.27 a barrel from $44.23 earlier.