How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Asia manufacturing soars in June, but momentum slows into second half
In June, manufacturing activity in Asia's tech producing economies extended, backed by surging global demand for electronics products, although headwinds in external markets could suggest a moderation in surge during the second half of 2017.
In Asia, private sector polls of manufacturers demonstrated the factory sectors of South Korea, China, Japan as well as Taiwan picked up in June, powered mostly by a revival in exports.
However, ongoing dips in energy prices that weighed on manufacturing activity in Malaysia and Indonesia, could affect these two economies going forward, as financial experts stress. Besides this, in India, sluggish domestic demand compensated strong foreign demand and provoked a manufacturing slowdown in June.
Factory Purchasing Managers' Indexes for Vietnam, South Korea, Taiwan, Japan and India all stood above the 50-mark, separating expansion from contraction on a monthly basis.
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Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
Latest news
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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.
