The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.
Greenback ascends as common currency takes a breather after soar
On Wednesday, the evergreen buck rallied versus a currency basket because the euro paused having grown to more than three year maximums overnight amid soaring hopes that the European Central Bank will cease stimulus in 2018.
Assessing the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index gained 0.28% showing 90.48. Overnight the index dived to a three year minimum of 89.98.
The currency pair EUR/USD sank 0.31% being worth 1.2222, having soared to 1.2323 overnight that appeared to be the strongest value since December 2014.
The euro has gained broadly since the previous week's minutes of the ECB’s December gathering disclosed that officials were relishing a thought of a gradual shift in policy guidance early in 2018.
On Tuesday, the common currency had descended to a minimum of 1.2194, reacting to a report that the ECB won’t probably drop its promise to keep purchasing bonds at its upcoming gathering next week.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
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.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.