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- US Import Price Index rose more than expected in March.
- US Dollar Index stays relatively quiet below 92.00.
Prices for US imports rose 1.2% in March following an increase of 1.3% in February, the monthly data published by the US Bureau of Labor Statistics revealed on Wednesday. This reading came in higher than the market expectation of 1%. On a yearly basis, the Import Price Index rose 6.9%.
Further details of the publication revealed that the Export Price Index in the same period increased 2.1% and 9.1%, on a monthly and yearly basis, respectively.
Market reaction
The US Dollar Index showed no immediate reaction to this report and was last seen posting small daily losses at 91.75.
This article was originally published by Fxstreet.com. Read the original article here.