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US: PCE rose 0.7% YoY in April

FXstreet.com (Barcelona) - The US Commerce Department informed that the US inflation, measured by the Personal Consumption Expenditures, rose 0.7% in a year to April and contracted 0.3% on a monthly basis. The Core reading, which strips the food and energy costs, rose 1.1% over the last twelve months and came in flat MoM.

Personal Spending fell 0.2% and Personal Income posted no variation during the same period.

USD/CHF falls to 0.9524/25 after US personal spending

The USD/CHF fell lower Friday, establishing fresh session lows ahead of US trading, following the publication of mixed US data.
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Canada: GDP rose 0.2% MoM in March

The Canadian economic activity expanded 0.2% on a monthly basis during March, and posted an annualized expansion of 2.5% during the first quarter. Prior surveys were expecting 0.1% and 2.3%, respectively...
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