Export Price Index m/m comes in at -1.3% against -1.4% consensus
| Pair | Now | Since publish |
|---|---|---|
| EURUSD | — | — |
| USDJPY | — | — |
The US Export Price Index month over month for August came in at -1.3%. This figure was slightly above the consensus expectation of -1.4%, representing a 7.1% surprise versus consensus. The previous month’s reading was -0.6%.
Following the release, market reaction across major USD pairs and gold was limited within the first 15 minutes. AUDUSD moved -0.3 pips, EURUSD moved +0.4 pips, and GBPUSD moved +0.8 pips. NZDUSD saw a +0.2 pips change, while USDCAD moved -1.3 pips. USDCHF registered a -0.1 pips change, and USDJPY moved +0.9 pips. XAUUSD moved -36 pips. These initial moves are generally small when compared to the typical median 1-hour moves observed after past releases, which include 7 pips for AUDUSD, 11 pips for EURUSD, 12 pips for GBPUSD, 6 pips for NZDUSD, 9 pips for USDCAD, 8 pips for USDCHF, 10 pips for USDJPY, and 25 pips for XAUUSD.