BREAKING: US Core PCE Price Index rises in March

The core PCE price index, which excludes volatile items such as food and energy, rose 0.4% over a month earlier in March 2021, after a  0.1% advance in February and above market expectations of 0.3%. Year-on-year, core PCE prices increased 1.8% in March from 1.4% in February, in line with market consensus.

Personal income rose 21.1% MoM in March,  from revised 7.1% drop in February and compared to market expectations of a 20.3% increase.

Personal spending increased 4.2% from a month earlier in March, following a 1.0% drop in February and compared with market consensus of a 4.1% increase.

EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around the 1.2080 level.