With fuel prices continuing to skyrocket, the Labor Department released a report on Wednesday showing U.S. import prices surged up by more than expected in the month of June.The report said import prices shot up by 1.4 percent in June after climbing by a downwardly revised 0.8 percent in May.Economists had expected import prices to jump by 1.0 percent, matching the increase originally reported for...
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.