The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Asian currencies will be intact
Being on an upswing since the beginning of 2017, Asian currencies won’t probably trade higher than they’re currently in a year. It’s because the Fed presses on with further interest rate hikes, as a Reuters poll discovered.
Having made inroads due to ascending concerns over Trump's ability to pass sweeping tax dips, the Asian currencies are supposed to generally hold their ground, as the survey of more than 50 foreign exchange experts revealed.
One of the best Asian performers, the Thai baht has soared almost 7% versus the greenback, while the Chinese Yuan, Korean won, Indian rupee, Malaysian ringgit, Taiwan and Singapore dollars have all gained more than 4%.
Meanwhile, the dollar index, assessing the greenback versus six crucial currencies, has slumped nearly 8% in 2017.
As for the Chinese Yuan, it’s predicted to stick to current levels of 6.64 per greenback in six months and tumble moderately to 6.70 in a year, as the poll informed.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.