US personal income increased 0.3% and spending declined -0.6% in December after respective gains of 0.5% (was 0.4%) and 0.4% (was 0.6%) in November. The Dollar ticked lower following the data, which saw the ECI a bit lower than consensus, while personal income missed the mark, and consumption was a little more negative than expected. Prices, meanwhile, were in line with forecasts. EURUSD headed to 1.1153 from 1.1135, while USDJPY slipped to 115.45 from near 115.60. Equity futures remain mixed and very choppy, while yields are off their highs.
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Andria Pichidi
Market Analyst
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