U.S. import prices fell less than expected in July, official data showed on Thursday.
In a report, the U.S. Bureau of Labor Statistics said U.S. import prices decreased by a seasonally adjusted 0.2% last month, compared to forecasts for a 0.3% decline. Import prices rose by 0.1% in June.
Following the release of the data, the U.S. dollar held on to losses against the euro, with EUR/USD rising 0.15% to trade at 1.3384.
Meanwhile, the outlook for U.S. equity markets was modestly higher. The Dow indicated a gain of 0.1%, the S&P 500 pointed to a rise of 0.1%, while the Nasdaq 100 indicated an increase of 0.1%.