DOLLAR REMAINS LOWER VS. RIVALS AFTER U.S. DATA

Signalsgowin.com-The dollar remained lower against the other major currencies on Monday, EURUSD rose 0.24% to 1.3705, personal spending rose 0.5% last month, matching expectations, personal income rose 0.2% in November, the Federal Reserve  would reduce its USD85 billion-a-month bond buying program by USD10 billion in January, the pound was higher against the dollar, GBPUSD up 0.18% to 1.6359, USDJPY down 0.05% to 104.04, USDCHF shedding 0.35% to 0.8930, AUDUSD up 0.23% to 0.8943, NZDUSD adding 0.16% to 0.8213, USDCAD down 0.47% to 1.0587.  Canada’s gross domestic product expanded by a seasonally adjusted 0.3% above expectations for growth of 0.1%, Canada’s economy grew by 0.3%, Canada’s GDP expanded at an annualized rate of 2.7% in October, beating forecasts for an increase of 2.3%, the U.S. dollar index was down 0.30% to 80.50.

GBP/USD CHANGED AFTER U.S. DATA

Signalsgowin.com-The pound changed little against the U.S. dollar on Monday, after the lower-than-expected U.S. consumer sentiment data, GBP/USD hit the session high at 1.6375, a support is at 1.6220, a resistance is at 1.6457, U.S. personal spending rose 0.5% last month, matching expectations; personal spending for October revised up to 0.4%; the Federal Reserve will reduce USD85 billion-a-month bond buying program by USD10 billion in January; the interest rates are likely to remain low, the Fed would start to consider rate increases. Meanwhile, the pound remained supported after the U.K. gross domestic product expanded by 0.8% in the third quarter.