How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China opens up its bond markets, though currency seen as key barrier
China's policymakers are about to actively attract foreign investment to the country's $3 trillion bond market, reportedly to help to shore up the struggling national currency. However, the currency appears to be a key barrier to the success of their ambitious plan.
Currently, foreigners own less than 2% of the Asian country’s $3.3 trillion in outstanding bonds and ascertain that getting their cash out of China as well as recent weakness of the closely monitored currency turned to be are obstacles to investment.
For the last two years Chinese bonds have demonstrated the highest yields in two years. Moreover, on the basis of 10-year sovereign debt, it appears to be the biggest interest rate gap with equivalent American Treasuries for eight months. It undoubtedly highlights the dilemma of a market, appealing on the one hand, but considered to carry too many risks on the other hand.
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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.
