Kiwi goes up on trade figures

Kiwi goes up on trade figures

On Friday, the New Zealand dollar managed to inch up during early Asia, with crucial data from Japan ahead expected to determine the overall regional tone.

Estimating the American dollar’s strength versus six main currencies, the US dollar index leapt 0.17%, being worth 99.02.

In March, the trade balance deficit in New Zealand came in bang-on hopes for Z$3.67 billion year-on-year. 

The currency pair NZD/USD ascended 0.12%, being worth 0.6882, following the figures.

As Japan reports, the country’s household spending are noticed down 0.8% in March month-on-month ahead in a busy data day. Additionally, in March national core CPI grew 0.3% year-on-year. As for March unemployment, it’s expected to hit 2.9% from 2.8%. Besides this, in the same month provisional industrial production sagged 0.8% month-on-month, retail sales soared 1.5% year-on-year.

The currency pair USD/JPY demonstrated the outcome 111.26, while AUD/USD got to 0.7467, going up 0.03%.



Can the UK CPI surprise?
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 Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

The US NFP Update: What to Wait for?
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.

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