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.
Greenback soars in Asia
On Thursday, the evergreen buck rallied versus the Japanese yen in Asia. The common currency went down as the Reserve Bank of New Zealand didn’t change its 1.75% rate.
The currency pair USD/JPY hit 112.91, ascending 0.06%. AUD/USD reached 0.7826, sliding 0.29%. As for EUR/USD, this currency pair showed 1.1740, slumping 0.06%.
The RBNZ left its rate intact and also called for a weaker currency. Apparently, a lower New Zealand dollar would lift tradable inflation and ensure more balanced surge, as some financial experts state.
The decision emerged several days after an inconclusive national election, which left the country unaware of which parties would make its next government.
The currency pair NZD/USD showed an outcome of $0.7199, being nearly intact.
The US dollar index, gauging the US currency’s value against a basket of six key currencies, gained 0.08% showing 93.34.
The greenback’s firm gain put pressure on both the euro and pound because both currencies gave up some of their recent revenues versus the US currency.
Similar
The US NFP Update: What to Wait for?
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.
Bank of England Statement: What to Expect
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
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.
