The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
Aussie drops further on poor retail sales
On Tuesday, the Australian dollar sagged because retail sales figures disappointed and market participants waited for Prime Minister Malcolm Turnbull's second budget. Additionally, financial markets also monitored the presidential election in South Korea.
The currency pair AUD/USD hit 0.7362, sliding 0.34%, while USD/JPY reached 113.22, declining 0.03%.
Tracking the US dollar’s strength versus six crucial currencies, the US dollar index, dipped 0.02%, trading at 99.01.
Australia posted that in March retail went down 0.1% and concluded 0.1% during the first quarter, missing expected revenues of 0.3% as well as 0.4% respectively.
In South Korea, financial markets are unavailable due to the country's presidential election and opinion surveys demonstrate favors Moon Jae-in of the Democratic Party of Korea, considered to be a more liberal candidate on the national economy as well as policies dealing with North Korea.
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.