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BREAKING: USD strengthens sharply after US data pack

2:33 PM 24 February 2023

Data pack for January:

• Headline PCE inflation: 5.4% YoY vs 5.0% YoY expected (5.0% YoY previously)

• Core PCE inflation: 4.7% YoY vs 4.3% YoY expected (4.4% YoY previously)

• Personal spending: 1.1% MoM vs 1.2% MoM expected (-0.2% MoM previously)

• Personal income: 0.6% MoM vs 0.9% MoM expected (0.2% MoM previously)

EURUSD pair broke support at 1.0560 and is trading at lowest level since early January. Source: xStation5

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