2:28 PM · 13 September 2024

US import and export prices lower than expected 💵USDIDX drops after todays rollover

US Import Prices MoM (August): -0.3% (Forecast -0.2%, Previous 0.1%)

US Export Prices MoM (August): -0.7% (Forecast -0.2%, Previous 0.7%)

Import Prices came in 0.8% higher YoY, however the reading from compared August 2023 was quite weak at -3% YoY. It's another disinflationary reading from the US economy, pointing to lower prices across the economy. Traders price in 40% probability for 50 bps rate cuts next week. USDIDX drops after the today rollover, testing 100.6 zone.

Source: xStation5

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