How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
British industry ascends, although Brexit still affects the economy
In September, the UK industry reported its strongest month so far in 2017, and the trade deficit happened to narrow, providing some upbeat signs for the British economy, facing a potentially tough 2018 as Brexit is getting closer.
The figures issued on Friday hinted that manufacturing might get down to counteracting a consumer-led slowdown, providing some vindication to the Bank of England that increased interest rates for the first time in more than 10 years the previous week.
The British pound rallied to a day's maximum versus the greenback after the data.
Stronger global surge along with the effect of the weaker UK currency seems to be visible in the British manufacturing numbers.
However, the Office for National Statistics also posted a 1.6% monthly dive in construction, while separate figures issued on Friday disclosed that UK shops had their worst October for sales in a decade.
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The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
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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.
