Import/Export for November

Report from Bloomberg:



Export Prices (M/M)  -2.1% to 0.1%
Export Price (Y/Y)      6.3% to 4.7%
Import Prices (M/M)  -0.6% to 0.7%
Import Prices (Y/Y)    11.0% to 9.9%

Import Prices Indexes:
The price of goods produced abroad for the countries who are purchasing


Export Prices Indexes:
The price of domestically produced products for other purchasing countries


What does this mean? Well, import/export reports are used to measure future inflation trends, and inflation can make a currency decrease in value since it effects interest rates. So, according to the report import prices are increasing M/M, but this is off set by a decrease in Y/Y import prices giving us a mixed signal and the idea of inflation being relatively normal. The consensus for import prices was higher than expected, so that will add to a lower than expected inflation. Export prices have also increased M/M, but have decreased Y/Y, giving us another mixed signal. Overall, in a M/M basis: Export Prices is up and Import Prices are up, so inflation is slightly up.

What does this mean for the EUR/USD currency exchange? The USD will increase in value (ever so slightly), and the EUR will decrease in value.