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.
Kiwi and Aussie decline as RBNZ holds
On Thursday, the New Zealand and Australian dollars slid versus their US rival after the Reserve Bank of New Zealand left interest rates intact, while hopes for an imminent tax reform initiative in America underpinned demand for the US dollar.
The currency pair NZD/USD declined 0.18% hitting 0.7186, off a three-week minimum of 0.7171 reached overnight.
As anticipated, the RBNZ left interest rates intact at 1.75% on Thursday.
Commenting on that decision, the key bank stressed that it doesn’t expect to lift interest rates for some time because the economic surge outlook worsens and inflation slows.
The currency pair AUD/USD lost 0.34% being worth 0.7821, which is the lowest value since July 18.
At the same time, the greenback managed to strengthen reacting to reports on Wednesday that Donald Trump offered the biggest American tax overhaul for three decades.
The proposal has sparked a fierce battle in the Congress, with the Republican Party split over it and Democrats generally hostile.
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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.
