Investing.com - U.S. import prices fell for the sixth straight month in December, as low oil prices weighed, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said import prices decreased by a seasonally adjusted 1.2% last month, compared to forecasts for a 1.4% drop. Import prices fell by 0.5% in November.
Export prices declined by a seasonally adjusted 1.1%, worse than expectations for a fall of 0.5% and following a 0.7% drop a month earlier.
EUR/USD was trading at 1.0894 from around 1.0889 ahead of the release of the data, GBP/USD was at 1.4400 from 1.4401 earlier, while USD/JPY was at 117.73 from 117.78 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 98.90, compared to 98.92 ahead of the report.
Meanwhile, U.S. stock futures pointed to a higher open. The Dow futures pointed to a gain of 78 points, or 0.49%, the S&P 500 futures indicated a rise of 9 points, or 0.48%, while the Nasdaq 100 futures increased 10 points, or 0.23%.
Elsewhere, in the commodities market, gold futures traded at $1,087.10 a troy ounce, compared to $1,085.70 ahead of the data, while crude oil traded at $30.91 a barrel from $30.88 earlier.