Investing.com - U.S. import prices rose more than expected in January while export prices increased in line with forecasts, official data showed on Friday.
In a report, the U.S. Bureau of Labor Statistics said import prices increased by a seasonally adjusted 0.4% last month, more than forecasts for a 0.2% advance. Import prices rose by 0.5% in December, revised from an initial 0.4% gain.
Export prices rose by a seasonally adjusted 0.1% in January, in line with forecasts. That followed a 0.4% gain a month earlier, that was raised from a 0.3% advance.
Immediately following the report, EUR/USD was trading at 1.0623 from around 1.0626 ahead of the data, GBP/USD was at 1.2464 from 1.2461 earlier, while USD/JPY changed hands at 113.55 compared to 113.42 earlier.
The US dollar index, which tracks the greenback against a basket of six major rivals, was at 100.89, compared to 100.88 ahead of the report.
Meanwhile, U.S. stock futures pointed to a higher open. The Dow futures gained 42 points, or 0.21%, the S&P 500 futures rose 3 points, or 0.13%, while the Nasdaq 100 futures traded up 9 points, or 0.17%.
Elsewhere, in the commodities market, gold futures traded at $1,226.95 a troy ounce, compared to $1,229.00 ahead of the data, while crude oil traded at $53.88 a barrel from $53.80 earlier.