Investing.com - U.S. import and export prices jumped higher than expected in September, official data showed on Tuesday.
In a report, the U.S. Bureau of Labor Statistics said import prices increased by a seasonally adjusted 0.7% last month, compared to 0.6% in August. Analysts had expected prices to increase by 0.5%.
Export prices unexpectedly rose by a seasonally adjusted 0.8% in September, compared to forecasts of 0.4%. That followed a rise of 0.7% a month earlier that was revised from an initial reading of a 0.6%.
Following the report, EUR/USD was trading at 1.1757 from around 1.1761 ahead of the data, GBP/USD was at 1.3180 from 1.31876 earlier, while USD/JPY increased to 112.31 compared to 112.18 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 93.43, compared to 93.40 ahead of the report.
Meanwhile, U.S. stock futures pointed to a lower open. The Dow futures inched forward 12 points or 0.06%, the S&P 500 futures edged down one point, or 0.04%, while the Nasdaq 100 futures lost four and a half points, or 0.08%.