Personal Income Sends Dollar Up

The U. S. dollar gained against the euro and the pound today after the release on personal income and spending came out. EUR/USD fell down from 1.5813 to 1.5761, while GBP/USD slid down from 2.0071 to 1.9947.
Personal income rose 0.5% in February — above the forecasted and the previous month’s 0.3% growth. Personal income grew at a very slow pace in February; it rose 0.1% — the same as it was expected and lower than the previous 0.4% growth.
Michigan Sentiment Index final value for March was released today at 69.5 — below the expected 70.0 and the February’s 70.8.

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