FXstreet.com (Barcelona) - U.S. Personal income has increased at a 0.5% pace in November, the largest increase in the last six months, while personal consumption expenditures have risen 0.5%; the Dollar, however has remained little changed except for a slight decline against the Euro.
Furthermore, the core PCE prices index, a gauge observed by the Fed to assess, future trends on inflation, has remained unchanged on the month, and 1.4% above November 2008, which indicates that inflation won't be escalating sharply over the short term.
The Dollar has remained broadly unchanged after personal income data was released, except for the EUR/USD, which has risen from 1.4250 to a session high at 1.4290.,
USD/JPY has dropped from 91.80 to 91.60, while the GBP/USD remains trading within a tiny range around 1.5950.