Investing.com - U.S. import and export prices rose more than expected in April, official data showed on Wednesday.
In a report, the U.S. Bureau of Labor Statistics said import prices increased by a seasonally adjusted 0.5% last month, compared to expectations for a 0.2% increase. Import prices advanced by 0.1% in March, revised from an initial 0.2% decline.
Export prices rose by a seasonally adjusted 0.2% in April, above forecasts for a 0.1% increase. That followed a 0.1% gain a month earlier that was revised from an initial reading of a 0.2% advance.
Following the report, EUR/USD was trading at 1.0877 from around 1.0881 ahead of the data, GBP/USD was at 1.2948 from 1.2956 earlier, while USD/JPY changed hands at 113.92 compared to 113.85 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 99.42, compared to 99.38 ahead of the report.
Meanwhile, U.S. stock futures pointed to a lower open. The Dow futures lost 29 points, or 0.14%, the S&P 500 futures edged down 1 point, or 0.05%, while the Nasdaq 100 futures inched up 1 point, or 0.01%.
Elsewhere, in the commodities market, gold futures traded at $1,222.94 a troy ounce, compared to $1,222.82 ahead of the data, while crude oil traded at $46.46 a barrel from $46.48 earlier.