U.S Data Heaps More Pain on Eur

  • Core PCE prices in the US which exclude food and energy fell  to 0.3% month-over-month in March, following 0.4% gain in February and in line with market expectations of a 0.3% rise. Year-on-year, core PCE inflation went down to 5.2 % from 5.4 % in previous month and below analysts’ estimates of 5.3%.
  • Personal income increased 0.5% MoM in March,  from an upwardly revised 0.7% increase in February and compared to market expectations of a 0.4% increase.
  • Personal spending increased 1.1% from a month earlier in March, following upwardly revised 0.6% rise in February and compared with market consensus of a 0.6% increase.

EURUSD is trading lower after today’s data pack. The main currency pair is currently heading towards support zone in the 1.0480 area. Source: xStation

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