Macro Roundup (Jun 28)
CST
Source:SMM
The US dollar fell on Friday after data showed that US consumer spending was flat in May, while producer price inflation came in below economists expectations.
SHANGHAI, Jun 28 (SMM) This is a roundup of global macroeconomic news last night and what is expected today.
The US dollar fell on Friday after data showed that US consumer spending was flat in May, while producer price inflation came in below economists expectations.
Consumer spending, which accounts for more than two-thirds of US economic activity, held steady following an upwardly revised 0.9% jump in April. Economists polled by Reuters had forecast consumer spending rising 0.4%.
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The U.S. dollar ended unchanged on Friday, erasing an early drop after tamer-than-expected producer price inflation, with investors continuing to evaluate whether that the Federal Reserve will act sooner to snuff out inflation if it persists.
dollar rate today: Dollar steady after US inflation data misses estimates indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Dollar steady after US inflation data misses estimates taipeitimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from taipeitimes.com Daily Mail and Mail on Sunday newspapers.