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US: PCE (Jul) rose 1.6% YoY

FXStreet (Edinburgh) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.6% YoY during July, matching the previous print. On a monthly basis, prices rose 0.1%. The Core reading, which strips the food and energy costs, rose 1.5% over the last twelve months and 0.1% inter-month. Personal Income expanded 0.2% on a monthly basis while Personal Spending contracted 0.1%.

EUR/USD apathetic post-US data

The shared currency practically stayed put in the wake of today’s US docket, with the EUR/USD keeps hovering over the 1.3180/85 area....
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United States Chicago Purchasing Managers' Index came in at 64.3, above forecasts (56) in August

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