Forex Pros - The U.S. core personal consumption expenditure index rose in line with expectations in January, official data showed on Monday.
In a report, the Bureau of Economic Analysis said its seasonally adjusted core CPE price index rose broadly in line with expectations, increasing by a seasonally adjusted 0.1% in January, compared to a flat reading in December.
The report also said that personal spending rose less-than-expected in January, rising by a seasonally adjusted 0.2%, after rising by 0.5% in December, whose figure was revised down from 0.7%.
Analysts had expected personal spending in the U.S. to increase by 0.4% in January.
Meanwhile, the report also showed that personal income rose unexpectedly in January, jumping by a seasonally adjusted 1.0%, after rising by 0.4% in December. Analysts had expected U.S. personal income to increase by 0.4% in January.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD climbing 0.61% to hit 1.3837.
Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.42%, S&P 500 futures pointed to an increase of 0.44%, while the Nasdaq 100 futures indicated a rise of 0.45%.