Consumer spending stalled in December
USD is broadly higher against most major currencies as uncertainty looms in Greek debt negotiations. EUR fell from highs against the USD after the rescue fund for the Eurozone was stymied as member countries were unable to agree to final terms. Commodity Currencies begin the week lower against the “safe-haven” USD and JPY. USD – Consumer spending stalled in December as Americans used a jump in incomes to restore depleted savings, indicating the biggest part of the economy will not be a driver
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