The personal income and spending report, along with inflation figures, was not far from analysts’ expectations. The income personal registered a rise of 0.2%, below the 0.3% expected, while the personal expense it climbed 0.8%, surpassing the estimated 0.6%.
Regarding the underlying price index of personal consumption expenditure, which is considered by the Federal Reserve, registered a rise of 3.6% compared to a year ago, in line with the market consensus and similar to that of July. The monthly rise in August was 0.3%.
The dollar extended the tone of weakness and correction in the market after the publication of the aforementioned data. Later on Friday the economic calendar shows the release of important data from the manufacturing sector, construction spending and consumer confidence figures ahead.
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