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US: PCE (Aug) rose 1.5% YoY

FXStreet (Edinburgh) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 1.5% YoY during August, a tad lower than July’s 1.6%. On a monthly basis, prices rose 0.3%. The Core reading, which strips the food and energy costs, rose 1.5% over the last twelve months and 0.1% MoM. Personal Income expanded 0.3% on a monthly basis while Personal Spending rose 0.5%.

UK's Osborne outlines Conservative Party's economic plan ahead of election

UK Chancellor George Osborne said at the Conservative Party conference on Monday that in order to eliminate the budget deficit 25 billion pounds of permanent spending cuts are required.
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AUD/USD door open to further downside – Westpac

Analysts at Westpac Global Strategy Group expects the pair to keep marching south, albeit at a slower pace....
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