Investing.com - U.S. import prices rose less than expected in October, while export prices stagnated, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said import prices increased by a seasonally adjusted 0.2% last month, compared expectations for a 0.4% rise. Import prices had risen by 0.8% in September, revised from an initial 0.7% advance.
Export prices were unchanged from a month earlier in October, compared to forecasts for a 0.4% gain. That followed a 0.7% advance a month earlier that was revised from an initial reading of a 0.8% increase.
Following the report, that was released simultaneously with weekly jobless claims and the Philly Fed manufacturing index, EUR/USD was trading at 1.1771 from around 1.1771 ahead of the data, GBP/USD was at 1.3205 from 1.3202 earlier, while USD/JPY changed hands at 11303.compared to 113.07 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 93.77, compared to 93.82 ahead of the report.
Meanwhile, U.S. stock futures pointed to a higher open. The Dow futures gained 69 points, or 0.30%, the S&P 500 futures rose 8 points, or 0.30%, while the Nasdaq 100 futures traded up 26 points, or 0.42%.
Elsewhere, in the commodities market, gold futures traded at $1,280.26 a troy ounce, compared to $1,278.69 ahead of the data, while crude oil traded at $55.20 a barrel from $55.15 earlier.