US: Personal Income drops 0.1% in October

FXstreet.com (Barcelona) - US Personal Income fell by 0.1% in October, following a 0.5% rise the previous month, the Bureau of Economic Analysis, Department of Commerce reported today. Analysts expected a 0.3% increase. Personal spending rose 0.3%, slightly up from 0.2%.

Core Personal Consumption Expenditure – Price Index grew 0.1% month-on-month and by 1.1% year-on-year.
Month-on-month PCE - Price Index was flat and year-on-year climbed 0.7%.

USD/CHF tests daily highs on employment data

The USD/CHF jumped around 30 pips to reach fresh intra-day highs at 0.8985 following the better than expected US employment data but movement was short live with the pair returning back to previous levels.
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EUR/USD reverses drop and threatens 1.3700

As it usually happens after the NFP report, the EUR/USD reversed the knee-jerk slumped and climbed to fresh highs as investors assess the data.
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