How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Chinese economy loses some steam as investment surge hits 18-year minimum
On Thursday, China posted a rare flurry of dismal data, including its slowest surge in investment in almost 18 years. It definitely suggests the world's number two economy is currently losing some momentum as borrowing costs go up.
Factory output along with retail sales ascended less than anticipated, although a rebound in property sales as well as construction starts will probably keep China's overall surge relatively firm and conveniently on target ahead of next month’s major leadership reshuffle.
Financial experts had widely expected China's August data to show industrial output as well as retail sales surge accelerated having faded moderately in July. Meanwhile, investment was observed as just marginally softer.
It would have gotten along with a pattern of stronger-than-expected outcomes from China in the first half of 2017 as well as positive surveys on August factory activity.
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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.
