BREAKING: US Core PCE rose more than expected in December

Investors were offered a US data pack for December just a moment ago. Core PCE inflation rose more than expected as the headline figure climbed to 1.5% YoY (vs expected 1.3% YoY).  Personal income and personal spending data turned out to be better-than-expected, yet last month's figures were revised lower.

Core PCE in December: 1.5% YoY

• Expected: 1.3% YoY 

• Previous: 1.4% YoY

Personal Income in December: 0.6% MoM

• Expected: 0.1% MoM 

• Previous: -1.3% MoM

Personal Spending in December: -0.2% MoM

• Expected: -0.4% MoM

• Previous: -0.7% MoM

There have been no bigger reaction on the markets following the release. As far as EURUSD is concerned, the area at 1.2060 remains key short-term support (local lows). An important resistance may be found at 1.2220. Source: xStation5