Forex Pros – Producer price inflation in the U.S. rose less-than-expected in October, official data showed on Thursday.

In a report, the Bureau of Labor Statistics said that PPI rose by a seasonally adjusted 0.4% in October, after rising by 0.4% in September.

Analysts had expected PPI to increase by 0.8% in October.

The report also showed that core PPI, which excludes food and energy costs, fell unexpectedly in October, declining by 0.6%, after rising by 0.1% in September.

Analysts had expected core PPI to increase by 0.2% in October.

Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.22% to hit 1.3618.

Meanwhile, the outlook for U.S. equity markets was downbeat: Dow Jones Industrial Average futures indicated a loss of 0.40%, S&P 500 futures pointed to a drop of 0.38%, while the Nasdaq 100 futures were down 0.55%.

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