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.
Australian dollar slumps in Asia on RBA minutes housing worries
On Tuesday, the Australian dollar held weaker in Asia, following the major bank minutes of the June gathering meeting, which demonstrated some risk scope on housing.
The currency pair AUD/USD reached 0.7588, sinking 0.14%. As for USD/JPY, this currency pair hit 111.68, soaring 0.13%.
Assessing the US dollar’s value versus six crucial currencies, the US dollar index descended 0.03%, demonstrating 97.20.
Overnight, the American currency grew to session peaks versus crucial currencies right after a top Fed official stoked hopes for an extra rate lift in 2017, telling that soaring wages would help to raise inflation closer to the Fed’s objective.
As expected, the major US financial institution lifted its key interest rate by 0.25% on Wednesday, thus dropping a hint at another rate hike later in 2017.
The greenback kept straightening versus the Japanese yen as traders continued fleeing safe-haven yen in the wake of the BOJ’s evident reluctance to taper emergency stimulus for the Japanese economy.
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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.
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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.
