He US export price index grew 0.8% monthly in Januaryor, above the -0.2% expected and -3.2% in December (figure revised up from -3.2%). This is the first rise after six consecutive months of falls. At an annual level, the indicator has grown by 2.3%, below the previous 5% and the estimated 2.6%.
The import prices have fallen 0.2% per month, as expected, after falling 0.1% in December, registering its seventh consecutive month of declines. The annual indicator has risen 0.8%, below the previous 3.5% and the 2.9% forecast.
dollar reaction
He Dollar Index (DXY) It is still trading higher this Friday after hitting fresh six-week highs at 104.67 just prior to the data release. At time of writing, the greenback is trading above 104.42, gaining 0.38% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
