How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China capital outflows have stabilized in the first quarter
During the first quarter, capital outflows from China eased considerably, with cross border capital flows getting more balanced, as the foreign exchange regulator told on Thursday.
Less pressure from outflows has already helped to steady the Chinese Yuan this year and also brought China's foreign currency reserves back over the closely monitored $3 trillion mark.
Hopes for further Yuan depreciation have dropped considerably, as State Administration of Foreign Exchange spokeswoman Wang Chunying revealed at a news conference.
Net foreign exchange sales by China's commercial banks dropped steeply during the first quarter after policymakers tightened supervision on money leaving China and as a weaker greenback took pressure of the Yuan as well as other emerging currencies.
Net sales of foreign exchange by Chinese commercial banks edged down to $40.9 billion during the first quarter, compared with $124.8 billion in the first quarter of the previous year and $337.7 billion in sales in 2016, as SAFE data disclosed.
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Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
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.
Latest news
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.
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.
