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 services sector edges up at the stronger pace in November
In November, surge in China's services sector activity managed to pick up to a three-month maximum, underpinned by a firm soar in new businesses, although the rate of expansion was still modest and weaker than the long-run trend, as a private poll disclosed on Tuesday.
The optimistic findings generally echo those of an official indicator of the non-manufacturing sector the previous week, which demonstrated that in November activity speeded up at a faster rate, thus backing the view that an anticipated slowdown in the broader Chinese economy would be quite gradual.
In November, the Caixin/Markit services purchasing managers' index tacked on to 51.9, gaining from October’s outcome of 51.2 and being the highest outcome since August.
An outcome above 50 shows surge, while any lower reading stands for contraction on a monthly basis.
In September, the index had declined to 21-month minimum having hit a three-month maximum in August.
Similar
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
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.
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.
