BREAKING: USD sees little reaction to personal spending and inflation data

The core PCE price index, which excludes volatile items such as food and energy and is the Federal Reserve's favorite inflation indicator, rose to 3.5 % over year-on-year in June, after a 3.4% advance in May and below market expectations of 3.7%. On a monthly basis, core PCE prices decreased to 0.4% in June from 0.5% in May, below market consensus of 0.6%.

Personal income in the United States edged 0.1 percent higher in June , trying to recover from a revised 2.2 percent drop in May and beating market expectations of a 0.3 percent fall.

Personal consumption in the US surged 1% mom in June, rebounding from a 0.1% drop in May and beating market forecasts of a 0.7% increase.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1890 level. Source: xStation5

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