While the Labor Department released a report on Friday showing an unexpected increase in U.S. import prices in the month of December, the report also showed a much steeper than expected nosedive in export prices.
The Labor Department said import prices rose by 0.4 percent in December after falling by a revised 0.7 percent in November.
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Forex News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.