Personal Spending increased by +0.3% month-over-month in June, in line with analyst estimates. Personal Income grew by +0.2%, compared to analyst consensus of +0.3%.
PCE Price index declined from 4.1% in May to 3.7% in June, meeting analyst expectations.
Traders also had a chance to take a look at the Initial Jobless Claims report. The report showed that 197,000 Americans filed for unemployment benefits in a week, compared to analyst forecast of 200,000.
Currently, U.S. Dollar Index is trying to settle below the support at 99.85 – 100.00. In case this attempt is successful, U.S. Dollar Index will head towards the next support level at 99.25 – 99.40. It should be noted that RSI is in the oversold territory, so the risks of a rebound are increasing.
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