When is the US June Core PCE Price Index and how could it affect EUR/USD? – by hareshmenghani Inflation Fed EURUSD Currencies
The Personal Spending released by the Bureau of Economic Analysis, Department of Commerce is an indicator that measures the total expenditure by individuals. The level of spending can be used as an indicator of consumer optimism. It is also considered as a measure of economic growth: While Personal spending stimulates inflationary pressures, it could lead to raise interest rates. A high reading is positive for the USD.
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