BREAKING: USD strengthens slightly after US data pack

• Core PCE prices in the US which exclude food and energy remain unchanged at 0.3 month-over-month in April, in line with market expectations. Year-on-year, core PCE inflation went down to  4.9% from 5.2 % in previous month, also in line with analysts’ estimates.
• Personal income declined to 0.4% MoM in April,  from d 0.5% increase in March and compared to market expectations of a 0.5% increase.
• Personal spending declined to 0.9% from a month earlier in April, following 1.1% rise in March and compared with market consensus of a 0.7% increase. Higher spending is a positive news for US indexes.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair pulled back slightly to 1.0720 level. Source: xStation5