Dollar rallies against rivals on Safe Haven Bids

Daily Update - 12th May 2020

Yesterday’s Markets

 

• CNY New Loans & M2 Money Supply

Yesterday Explained

• It was a quiet day and majority of the data released was not High-tier, Regardless Chinese Data released CNY New Loans and M2 Money Supply indicated that China is bouncing back from the Pandemic crisis.

 

Today’s Markets

• CNY Consumer Price Index
• AUD Budget Release
• US Consumer Price Index Ex Food & Energy

Today’s explained

Consumer Price Index is released by the National Bureau of Statistics of China. It is a measure of retail price variations within a representative basket of goods and services. The result is a comprehensive summary of the results extracted from the urban consumer price index and rural consumer price index.
The CPI is a key indicator to measure inflation and changes in purchasing trends which could help indicate if Bank of China will tighten monetary policy or not. Australia will release its budget release which will indicate the vital positions they have taken to sustain the Economy during a Pandemic Crisis.
Finally US will release their Consumer Price Index Ex Food & Energy Consumer Price Index (CPI) Ex Food & Energy released by the US Department of Labor Statistics is a measure of price movements by the comparison between the retail prices of a representative shopping basket of goods and services.