The Hong Kong Monetary Authority (HKMA) stepped into currency markets on Tuesday, buying HK$1.57 billion ($200.0 million) as its currency hit the weak end of its trading band.Today's action in the U.S. will only increase the pressure on Wednesday.
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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