The US economy released this morning the Import Price Index reading on monthly basis for the month of July where it showed a rise yet better than expected at 0.2%, where it climbed from the previous fall of 1.3%. The rise came less severe than the expected 0.3%.

Import Price Index on yearly basis for the month of July also came better than expected at 4.9%, rising even further from the prior climb of 4.5%. The rise came less severe than the expected 5.4%.