Western Union notes:
A trio of constructive U.S. data helped validate the dollar's buoyant week and leave in line for further appreciation.
Signaling a green light for a U.S. rate hike, consumer spending soared 0.9 percent in May, the most in six years, weekly jobless claims came in below forecasts at 271,000, keeping beneath 300,000, a historically healthy level, for a 16th straight week, while incomes rose a solid 0.5 percent. Inflation was largely steady with annual core prices up 1.2 percent.
The positive trend in place for the labor market sets the stage for a robust monthly jobs report with the next one due Thursday, July 2 since U.S. markets will be closed Friday, July 3 ahead of the Independence Day holiday.
