FXstreet.com (Barcelona) - Consumer spending increased 0.2% in July for its third consecutive time, on the back of a 1.3% increase on durable goods, namely automobiles, while personal income remained unchanged, following a 1.1% decline in June. The Dollar picks up against Euro and Pound
EUR/USD retreat from 1.4375 intra-day high, has extended slightly lower, as the Euro trades around 1.4250 minutes after personal income data was released.
GBP/USD, which had reached 1.6380 intra-day high some time before the Release of U.S. data, has dropped to levels at 1.6325 minutes after personal income data was released.
USD/JPY has remained practically unchanged, as the pair trades right below 94.00 level after having peaked at 94.07 some time earlier.