Forex news for US trading on March 28, 2016:
– us Personal spending +0.2% vs +0.1% exp (prior revised lower)
– Personal income +0.2% vs +0.1% exp
Markets:
– Gold up $3.66 to $1220.14
FX was the hottest market in what was a surprisingly busy session. Market closures in many regions might have kept a cap on trading but a soft inflation print in the PCE report kicked off heavy US dollar selling that was probably exaggerated by thin market conditions.
