US May import price index -0.3% vs -0.2% m/m expected

US May import and export prices:

• Prior was +0.2%
• Export price index -0.2% m/m vs -0.2% expected
• Export price index -0.7% m/m vs +0.2% prior

The fall in export prices isn't a great sign and import prices are soft but the market isn't overly interested in this report.