- Core PCE prices in the US which exclude food and energy remained unchanged at 0.3 % month-over-month in May, below market expectations of a 0.4% rise. Year-on-year, core PCE inflation went down to 4.7 % from 4.9 % in the previous month and below analysts’ estimates of 4.8%.
- Personal income rose to 0.5% MoM in May, from 0.4% increase in April and in line with market expectations.
- Personal spending declined to 0.2% from a month earlier in May, following 0.9% rise in April and compared with market consensus of a 0.4% increase.
- The number of Americans filling for unemployment benefits was 0.231 million in the week ended June 25, compared to 0.229 million reported in the previous week. Today’s reading came in above market expectations of 0.226 million.
- Continuing claims reading, which lags initial jobless claims data by one week, rose to 1.328 million from 1.315 million, while analysts expected decrease to 1.310 million.
EURUSD broke above local resistance at 1.0400 resistance after today's data releases. Source: xStation5
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