- Personal Spending in US rose more than expected in September.
- US Dollar Index posts small losses below 94.00.
Personal Income in the US rose by 0.9% on a monthly basis in September following August’s contraction of 2.5%, the US Bureau of Economic Analysis reported on Friday. This reading came in slightly better than the market expectation for an increase of 0.4%.
Further details of the report revealed that Personal Spending in the same period increased by 1.4% and surpassed analysts’ estimate of 1%.
Market reaction
The US Dollar Index showed no immediate reaction to these figures and was last seen losing 0.11% on the day at 93.82.
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