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.
Euro reaches 6-month peaks before GDP data
On Tuesday, the common currency grew to 6-month peaks ahead of the issue of euro zone data on first quarter surge, while the American currency was lower versus a currency basket after a shockingly dismal American manufacturing data.
The currency pair EUR/USD tacked on 0.44%, trading at 1.1025, which is the strongest value since November 9.
Demand for the common currency has been backed as market participants shifted their attention back to the outlook for monetary policy because worries as for political risks relived after centrist Emmanuel Macron was elected France's president, leaving far-right nationalist Marine Le Pen behind.
Market participants were considering revised data on euro zone first quarter GDP amid speculation over how soon the ECB could scale back its stimulus program, considering recent signs of strength in the EU’s economy.
Estimating the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index decreased 0.34%, being worth 98.48, suppressed by the stronger euro.
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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.
The US Retail Sales Update
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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.
