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.
Greenback goes down in Asia as NKorea sanctions fall short
On Tuesday, the evergreen buck declined in Asia because market participants noted the impact of the fresh UN sanctions on North Korea for its missile and nuclear test turned to be weaker than expected and that political risk was still a firm regional concern.
The currency pair USD/JPY reached 109.30, sliding 0.09%. At the same time AUD/USD hit 0.8013, descending 0.17%.
Gauging the greenback’s value versus a trade-weighted basket of six crucial currencies, the US dollar index edged down 0.08% being worth 91.58.
Australia unveiled August’s NAB business confidence reading was 5, the NAB business survey hit 15, versus respectively 12 and 15 in July.
Overnight, the evergreen buck edged up versus a basket of key currencies, underpinned by a steep dip in demand for safe-haven currencies because geopolitical uncertainty relieved after North Korea stood away from conducting another nuclear test over the weekend as previously anticipated.
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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.
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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.
