A $1.8 bln rise in consumer credit, the first in four months, has helped steady soggy US equities late in the session. Shares are extremely choppy, trading several tenths of a percent at a clip.
Traders hope a rise in consumer credit signals a rise in consumer spending as the US economy relies on the public for upwards of 70% of economic activity.
USD/JPY has gotten a particular lift late in the day, trading to session highs at 98.40. Offers are seen from 98.50 on up toward 100.00, dealers report.
