Today’s main release is US personal spending and core PCE inflation. Following robust retail sales in November, personal spending is expected to rise 0.5% m/m. As the PCE deflator is likely to rise only 0.1% m/m, it should result in a decent rise in real personal spending of 0.4% m/m. US private consumption is currently supported by improving job growth, strong wealth gains and a decline in gasoline prices.
Read the full report: FX Daily
Danske Bank