How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
British households are squeezed again
UK households are currently facing the tightest squeeze on their finances for the last three years, while the BoE’s signal that it’s about to lift interest rates will probably make things worse, a poll disclosed on Monday.
IHS Markit revealed in its monthly statement that in September Household Finance Index went down to 42.8 from 43.4 in August, although it’s still above a three-year minimum of 41.6 observed in July.
Assessing the third quarter in general a conclusion arises that the index's average reading turns to be its lowest outcome since 2014.
UK households have been affected by rapidly soaring inflation since the previous year's Brexit vote as well as dismal surges in wages.
Monday's poll disclosed the amount of cash available to spend kept going down at one of the steepest rates observed for the last three years.
The previous week the BoE told it actually expected to lift interest rates in the nearer months if inflation pressure kept building. That statement shocked many market participants.
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Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
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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.
