The Asian dollar index is nearing a support level near 110 (it closed at 111.70 on Friday). A move below would open up the possibility of a move to the lows from the 2008/2009 crisis, and then beyond.
Personal Spending Jumps More than Income in March
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Disposable (after tax) income rose 0.5 percent in March. Real (inflation
adjusted) income rose 0.2 percent. The rise in spending outpaced the rise
in income.
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