US: Import Price Index flat in December

FXstreet.com (Córdoba) - US Import Price Index stood unchanged in December after a 0.9% drop in November (revised from -0.6%), according to the US Department of Labor official publication. This reading comes below expectations of a 0.3% rise.

Import prices fell 1.3% for the year ended in December from -1.9% the previous month.

US Export Price Index increased by 0.4% in December following a 0.1% gain the prior month and surpassing expectations of 0.1%.

US December Export Price Index (YoY) increase to -1%; Import Price Index (YoY): -1.3%

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GBP/USD extends advance to 1.6450

The Sterling is trading bullish today against the US Dollar and extending advance from 1.6400 to test the 1.6450 area just after the better than expected US retail sales data.
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