How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
ECB is on the verge of developing real time money transfer service
The European Central Bank is geared up towards developing an instant payment settlement service. The EU’s number one financial institution is going to make this come true by late 2018. The key purpose of this move is to drastically facilitate real-time money transfer of small scale transactions. That’s what the European Central Bank revealed in its statement.
Real time transfer facilities are currently available for large volume payments. However, the new service, set to get down to operating in November next year, would expand it to all transfers, not to mention retail transactions, at a marginal cost.
The European Central Bank emphasized that the service is about to be developed in broad cooperation with the banking industry of the European Union, and it’s going to be offered to financial institutions at the low price of 0.20 euro cent per payment for the first two years of operation.
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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 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.
