The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Aussie leaps in Asia on Caixin Manufacturing PMI
On Tuesday, the Australian dollar surged because a poll out of China backed market sentiment for commodity-led surge.
The currency pair USD/JPY hit 112.70, edging up 0.02%. Meanwhile, AUD/USD reached 0.7833, gaining 0.36% following the closely-watched manufacturing poll from China.
Assessing the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index dived to 91.89.
The Caixin China manufacturing PMI for December rallied to 51.5 in Asia versus an outcome of 50.6 observed.
The official China PMI was published on Sunday and declined to 51.6 in December, sliding from November’s reading of 51.8, although in line with estimates from market experts in a Reuters survey. However, the overall reading was still firm enough, and marked the 18th straight month of expanding. The 50-point level traditionally divides surge from contraction on a monthly basis.
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.