How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
China's July exports and imports surge slower than expected
In July, China's imports and exports ascended more slowly than expected, driving worries over whether global demand is already cooling even as key Western key banks consider scaling back their huge stimulus programs.
In 2017, Europe and China have been driving a surging share of global surge because political conflict affects policies being pushed by Donald Trump.
However, in July, China's export surged slowed to 7.2% from the previous year, which turns to be the weakest tempo since February. Financial experts had hopes for a 10.9% surge.
Imports headed north 11%, which is the slowest ascend since December, and also dropped from a 17.2% leap in the previous month. It also ruined hopes for a 16.6% ascend.
It left the Asian country with a trade surplus of about $46.74 billion for the month, which is the highest outcome since January, versus predictions for $46.08 billion. The reading exceeded June's value of $42.77 billion.
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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.
