- Personal income declined in the US in October.
- Personal spending increased more than expected in the same period.
- The DXY US Dollar Index remains in negative territory slightly above 92.00.
US personal income fell -0.7% on a monthly basis in October after September’s rise of 0.7% (revised from 0.9%), the US Bureau of Economic Analysis reported on Wednesday. worse than the market expectation of 0%.
Additional details from the report have revealed that personal spending increased by 0.5% and exceeded analysts’ estimate of 0.4%.