How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China September producer prices show the greatest leap in six months
In September, China's producer price inflation suddenly accelerated to a six-month maximum because a construction boom offers no signs of abating as well as a government crackdown on air pollution spurs worries of winter shortages and also wild leaps in commodity prices.
China's firm demand for building materials has provoked a year-long commodities surge which is helping to underpin manufacturing activity as well as inflation around the globe.
The Chinese economy is believed to ascend 7% during the second half of 2017, as the country's major bank governor told, thus defying financial experts’ expectations for a slowdown.
In September, the producer price index rallied 6.9% from 2016, and from August’s outcome of 6.3%, as the National Bureau of Statistics told on Monday.
The revenue - the most impressive since March – actually indicates ongoing resilience in China's economy as well as industrial sector profits. That’s undoubtedly welcome news for Communist Party leaders just two days ahead of a party congress.
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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.
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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.
