Investing.com - U.S. import prices fell broadly in line with market expectations in July, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices decreased by a seasonally adjusted 0.9% last month, compared to forecasts for a 1.1% drop. Import prices fell by 0.1% in June.
EUR/USD was trading at 1.1113 from around 1.1117 ahead of the release of the data, GBP/USD was at 1.5623 from 1.5627 earlier, while USD/JPY was at 124.48 from 124.47 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 96.58, compared to 96.60 ahead of the report.
Meanwhile, U.S. stock futures pointed to a higher open. The Dow futures pointed to a gain of 0.15%, the S&P 500 futures ticked up 0.1%, while the Nasdaq 100 futures advanced 0.2%.
Elsewhere, in the commodities market, gold futures traded at $1,117.40 a troy ounce, compared to $1,117.10 ahead of the data, while crude oil traded at $43.00 a barrel from $43.05 earlier.