How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Firm American job surge is anticipated in December
In December, American employers maintained a brisk tempo of hiring, while lifting wages for employees amid strengthening confidence in the US economy that could pave the way for the key US bank to lift interest rates in March.
The previous month nonfarm payrolls soared by 190,000 jobs, according to a Reuters poll of market experts, following a revenue of 228,000 in November. Notwithstanding the expected moderation, employment gains would still stay above the monthly average of about 170,000 for the last three months.
Obviously, harsh weather in some parts of America probably contributed to December’s job surge slowdown.
For all of the previous year, the American economy is anticipated to have generated nearly 2 million jobs, which is a bit below the 2.2 million gained in 2016. A bit later on Friday the Labor Department is expected to publish its closely watched employment report.
In December, average hourly earnings tacked on 0.3% having soared 0.2% in the previous month.
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
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.
