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USD - Major events in the week ahead

Events that marked the week: On Friday Retail Sales, Industrial Production and Consumer Sentiment data was published. An unexpected decline in August retail sales and downward revisions to the prior two months mainly reflected weaker results at auto dealerships, Commerce…

UoM Consumer Sentiment in line with market expectations

U.S. consumer sentiment dipped in September as Americans expressed concern about the economic and inflationary impact of Hurricanes Harvey and Irma, University of Michigan survey data showed Friday. Preliminary sentiment index fell to 95.3 (est. 95) from 96.8 in August.

U.S. Industrial Production down by 0.9%

Industrial production declined 0.9 percent in August following six consecutive monthly gains. Hurricane Harvey, which hit the Gulf Coast of Texas in late August, is estimated to have reduced the rate of change in total output by roughly 3/4 percentage point.…

U.S. Retail Sales fell by 0.2%

An unexpected decline in August retail sales and downward revisions to the prior two months mainly reflected weaker results at auto dealerships, Commerce Department figures showed Friday. Overall sales fell 0.2% (est. 0.1% gain) after a 0.3% increase (prev. 0.6%…

Euro area international trade in goods surplus €23.2 bn

The first estimate for euro area (EA19) exports of goods to the rest of the world in July 2017 was €177.7 billion, an increase of 6.1% compared with July 2016 (€167.6 bn). Imports from the rest of the world stood…

U.S. CPI increased by 0.4%

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 1.9 percent. Increases…

BoE announced possible rate hike

The Bank of England has said that higher inflation and a pick up in growth could lead to a rate hike in "the coming months". Members of the Bank's nine-strong Monetary Policy Committee voted 7-2 to keep interest rates on…

China's Economy Cools Again

The pace of China’s economic expansion unexpectedly cooled further last month after a lackluster July, as factory output, investment and retail sales all slowed. Industrial output rose 6.0 percent from a year earlier in August, versus a median projection of…

Australian Dollar Leaps On Huge Jobs Beat

The Australian Dollar surged Thursday on a blockbuster official employment report from its home country which shredded market expectations. The economy added 54,200 jobs in August, it showed. Forecasters had been looking for a 20,000 rise to follow July’s 27,900,…

US PPI increased by 0.2%

The Producer Price Index for final demand advanced 0.2 percent in August, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices edged down 0.1 percent in July and moved up 0.1 percent in June. (See table…

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