💨 Abstract

The U.S. dollar declined on Friday, following a drop in consumer spending and a slight increase in inflation. The Personal Consumption Expenditures (PCE) price index rose 0.3% in January, matching expectations, while consumer spending fell 0.2%. The dollar index dropped 0.1% to 107.25, with the euro up 0.18% at $1.0416.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖