How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China July factory surge cools moderately as export orders descend
In July, surge in China's manufacturing sector slowed, backing hopes that the world's second-largest economy will probably drops in the nearer months because borrowing costs ascend along with regulators weigh on riskier types of financing.
Published on Monday, the official Purchasing Managers' Index showed d51.4 in July, sliding from the previous month's outcome of 51.7, though it was still above the 50-point level, separating surge from contraction on a monthly basis.
Experts polled by Reuters had predicted that the outcome would be 51.6, nearly the same as June’s reading.
China reported stronger-than-expected economic surge of 6.9% for the first half, powered by a year-long construction boom, robust retail sales and resurgent exports.
In July, the sub-index for the construction sector tacked on to 62.5 from June’s reading of 61.4, as the PMI survey by the National Bureau of Statistics revealed.
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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.
