How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
The expansion of China-led infrastructure bank is welcomed by BOJ’s Kuroda
On Tuesday, Haruhiko Kuroda, Bank of Japan Governor appreciated the expansion of China-led Asian Infrastructure Investment Bank, telling that it’s quite positive for the regional economy. The BOJ official urged multinational lenders to fruitfully cooperate in meeting Asia's fast-surging infrastructure needs.
Kuroda stressed that infrastructure needs turn to be enormous and it's not real for the Asian Development Bank as well as the World Bank to fill the gap entirely.
He told that healthy competition from Indian, Chinese as well as Japanese initiatives could be upbeat for improving infrastructure and also stimulating economic surge.
Kuroda's remarks happen to be the strongest endorsement to date by a Japanese official for the surging presence of AIIB that some in Tokyo view as a vehicle to spur China's regional clout.
Japan, following America’s lead under Barack Obama, didn’t join the AIIB, partly due to a concern it would potentially conflict with the Manila-based institution, the ADB, traditionally dominated by the United States and Japan.
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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.
