Better personal spending boosts US dollar but beware the fix
Summary
By sueyangfx.com August 28, 2020 at 02:06PM US dollar off the lows The stronger US personal income and spending data in July highlights the deep wallets of US consumers. The news helped to draw a line under the sinking dollar. […]
More On Forexlive RSS Breaking News Feed
- Eurozone June trade balance €12.4 billion vs €9.3 billion expected
- Eurozone June industrial production -0.3% vs -0.2% m/m expected
- Eurozone May trade balance €9.4 billion vs €7.9 billion expected
- Eurozone May industrial production -1.0% vs -0.3% m/m expected
- ECBs Knot: Ground for Euro area recovery getting firmer and firmer
August 28, 2020 at 02:06PM
US dollar off the lows
The stronger US personal income and spending data in July highlights the deep wallets of US consumers. The news helped to draw a line under the sinking dollar. It led to a small recovery even as trade data disappointed.