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 re-approaches 6-month minimum
On Friday, the US currency sank and re-approached a six-month minimum versus other key currencies because American political turmoil kept weighing on the US dollar, overshadowing the previous trading session’s positive American data.
The currency pair EUR/USD managed to acquire 0.47%, demonstrating 1.1155, which is below Thursday’s six-month high of 1.1173.
The US dollar briefly grew after the issue on Thursday of positive data on American initial jobless claims as well as manufacturing activity in the Philadelphia area.
The currency pair GBP/USD jumped 0.59%, trading at 1.3016, which is off last session’s eight-month peak of 1.3051.
As for USD/JPY, it kept to 111.49. Meanwhile, USD/CHF went down 0.23%, being worth 0.9776.
The Australian dollar showed better results, with AUD/USD soaring 0.44%, getting to 0.7451. The currency pair NZD/USD decreased 0.09%, trading at 0.6895.
Besides this, USD/CAD lost 0.23%, hitting 1.3572.
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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.
