FXstreet.com (Barcelona) - Personal spending has declined 0.5% in September in th U.S. the largest decline since December 2008 in the worst moments of economic recession, while personal income remained flat. The Dollar has remained steady against its major rivals.
Spending's decline follows a 1.4% increase in August, revised from the 1.3% previously estimated, which was driven by the cash for clunkers government car purchase aid.
The Dollar has remained trading at previous levels with its major counterparts; EUR/USD remains testing 1.4800 area on its pullback from 1.4855 day high, while the GBP/USD remains right above 1.6500 after having eased from Thursday's high at 1.6605.
USD/JPY recovery attempt from 90.85 session low has been capped at 91.30, and the pair trades at the monmenft right above 91.00 level,