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.
Aussie and Kiwi rise as greenback dives
On Wednesday, the Australian and New Zealand dollars rallied versus their American rival, reviving from recent losses because demand for the US currency declined amid speculation the next Fed Chair could be less hawkish than anticipated.
The currency pair AUD/USD leapt 0.38% reaching 0.7865, off last trading session's two-and-a-half month minimums of 0.7786.
The previous week Fed Governor Jerome Powell as well as ex-governor Kevin Warsh were both interviewed at the White House just to replace Janet Yellen as Fed Chair next February.
While they’re considered to be serious candidates, Jerome Powell is believed to be more dovish than Warsh. Kevin Warsh heavily criticized the US key bank’s bond-buying program.
The greenback strengthened earlier in the week following rumors that Warsh might be the number one nominee to replace Janet Yellen.
The currency pair NZD/USD rallied 0.28% trading at 0.7180, drifting away from Tuesday's one-month dip of 0.7147.
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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.
Latest news
What Will Bring the Core PCE Price Index Release?
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
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.
