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US: Import Price Index fell 0.5% MoM in April

FXstreet.com (Barcelona) - The Commerce Department has informed that US import prices have contracted 2.6% on a year to April and 0.5% on a monthly basis, vs. expectations at -2.7% and -0.2% respectively.

Export prices fell 0.7% on a monthly basis and 0.9% over the last twelve months, lower than March’s prints at -0.5% and +0.3%, respectively.

Forex: USD/JPY recovers the 101.66/72 level

The USD/JPY has recovered from multiple setbacks today, the most recent being a bounce off the 101.55 level during European trading. After the release of economic data in the United States, the cross now finds itself edging higher towards 101.66/72 in these moments, incurring a loss still of -0.15% Tuesday.
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Forex: GBP/USD drops below 1.5300

The pessimism surrounding the sterling is dragging the pound to sub 1.5300 levels on Tuesday, decoupling from its European counterpart...
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