American households spending again
Recent US retail sales numbers seemed to suggest that American households are spending again and along with the better-than-expected non-farm payrolls report a week ago, market watchers have noted buying of the greenback on heightened expectations that the US economy may outperform the other major economies in 2010.
Household spending increased in the fourth quarter of 2009, the SA Reserve Bank said in its March 2010 Quarterly Bulletin released on Tuesday.