How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China considers pilot scheme easing foreign auto companies’ ownership restrictions
In the first half of 2018 China will launch a pilot scheme for the purpose of relaxing restrictions on foreign companies’ ownership of new energy as well as special use vehicles businesses set up within free trade zones, as the foreign ministry informed on Thursday.
In a statement published after a gathering of China President Xi Jinping and US President Donald Trump the ministry also told it would gradually reduce tariffs for cars.
The promise comes as Tesla intends to build a factory in Shanghai. The given electric car maker is eager to expand its presence in the Chinese ascending electric vehicle market without compromising its intellectual property norms or independence.
China, levying a duty of 25% on imported cars, hasn’t permitted foreign car makers to establish wholly owned factories in the world's number one car market. Rumors say this Asian country is about to enable foreign investors to lift stakes in new electric car companies.
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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
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.
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.
