How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Strong American jobs gains are observed in July
In July, American employers managed to keep a sturdy tempo of hiring, while lifting wages for employees. Apparently, these are signs of labor market tightness, which could potentially clear the way for the Fed to announce next month a plan to get down to shrinking its huge bond portfolio.
As a Reuters survey of economists states, on Friday the Labor Department's closely watched employment report will most likely show that non-farm payrolls leapt by 183,000 jobs the previous month after soaring 222,000 in June.
In June, average hourly earnings are expected to have ascended 0.3% after earning 0.2% in June. It would be the greatest soar for five months. As for the year-on-year leap in wages, it will probably slow to 2.4% because the previous year's steep ascend is excluded from the calculation.
Average hourly earnings tacked on 2.5% for the twelve months to June and have been going down since ascending 2.8% in February. Experts find lack of strong wage surge surprising especially considering that the US economy is close to full employment.
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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.
