How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Indian economic surge is set to end five-quarter decline
In the July-September quarter Indian economic surge managed to rebound from the slowest growth for three years. Apparently, demand picked up moderately because the effects from a shocking ban on high-value currency notes relieved, as a Reuters survey disclosed.
If it’s true, the data is going to be the fresh evidence of a broad-based world’s economic upturn throughout Asia.
India happened to be the world's fastest-ascending major economy of last year. However, already-slowing surge was suppressed by the sudden cash clampdown of 2016 imposed by Prime Minister Narendra Modi's government. The radical measure affected consumer spending.
In July, the Indian authorities rolled out a goods and services tax, which made sweeping changes to the way businesses across Asia's number three economy charge taxes. It delivered another blow to the Indian economy.
However, the Reuters survey of 52 financial experts over the last week revealed that GDP growth probably added to 6.4% from 2016 during the July-September quarter versus 5.7% in the previous period.
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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
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.
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.
