Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
American job surge is seen accelerating after storm-related disruptions
In October, American job surge rebounded steeply after in September hurricane-related disruptions affected employment, in a move, which could potentially seal the case for an interest rate lift from the major US financial institution in December even as wage ascend slowed.
As follows from a Reuters poll of market experts, the Labor Department's monitored employment report on Friday will probably demonstrate that nonfarm payrolls went up by 310,000 jobs the previous month. Evidently, it would be the largest revenue since October 2015.
In September, payrolls inched down by 33,000 jobs, which is the first sag in seven years. It’s because employment in the leisure as well as hospitality sector decreased by a record 111,000.
The sink was blamed on hurricanes Irma and Harvey that devastated Florida and Texas in August and September, leaving employees of lower-paying industries temporarily jobless.
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What Happens to EUR?
On April 22, 2022, from 10:15 to 11:00 MT time, the Markit will release German and French flash services and manufacturing PMI.
Latest news
Can the UK CPI surprise?
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
