The USD slumped at the start of today’s Forex trading session, but later began gradually to rise. Unfavorable reports may reverse this trend, though. EUR/USD trades now at 1.3189.
Personal income and personal spending grew less than 0.1% in June. In May personal income increased by 0.3% (revised down from 0.4%), while personal spending rose by 0.1% (revised down from 0.2%). Analysts expected that income would rise by 0.2% and spending would grew by 0.1%.
Pending homes sales declined 2.6% to 75.7 in June, compared to the previous decline of 29.9%. Analysts’ were very unpleasantly surprised as they expected growth by 0.5%.
Factory orders declined in June more than expected, by 1.2%, compared to the forecast value of 0.2%. Decrease in the previous month was 1.8%.
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