The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
AUD/USD sags on dismal data
On Wednesday, the Australian dollar went down versus its American rival following the publication of dismal Australian data. Meanwhile, the New Zealand dollar didn’t change because market sentiment on the US currency was still fragile.
The currency pair AUD/USD edged down 0.59% hitting a five-month minimum of 0.7586.
A bit earlier Wednesday, the Australian Bureau of Statistics informed that wage prices climbed 0.5% during the third quarter, confounding hopes for a leap of 0.7%.
Year-over-year, wage prices tacked on 2% for the last quarter versus expectations for a 2.2% increase.
The currency pair NZD/USD was intact, demonstrating an outcome of 0.6876.
Meanwhile, uncertainty over the fate of a key American tax overhaul kept putting pressure on the US currency notwithstanding the previous session's positive inflation report.
Tuesday’s data disclosed that in October US producer prices inched up by 0.4%, exceeding hopes for a 0.1% leap.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.