US August import price index 0.0% m/m vs +0.5% expected

• Prior reading was +0.2% m/m (revised to +0.1%)
• Prices down 0.4% y/y compared to a 0.4% rise expected

It’s a lower-tier indicator but with the taper looming every data point counts. At the moment, it’s being overshadowed by jobless claims but falling prices aren’t the dollar’s best friend.