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.
AUD/USD edges down
On Monday, the Australian and New Zealand dollar went down because Friday’s positive data kept backing demand for the US currency. However, rumors over the next Fed Chair restricted the greenback’s gains.
The currency pair AUD/USD dipped 0.12% hitting 0.7668, which is not far from Friday's three-month minimum of 0.7625.
The greenback was still underpinned after on Friday the Commerce Department told that the American economy ascended t a 3% annual rate during the third quarter, which is better than estimates for surge of 2.5%.
The stronger-than-anticipated outcome actually underlined the case for the major US bank to lift interest rates before the end of 2017.
The US currency had already obtained a boost on Thursday right after House Republicans managed to pass a budget blueprint for next year. Some market participants are assured that tax reforms could stimulate surge and help the Fed to lift rates at a faster pace.
NZD/USD slumped 0.68% hitting 0.6840.
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Bank of England Statement: What to Expect
The Bank of England will publish its Monetary Policy Report and Summary, Official Bank Rate, and its votes on May 5 at 14:00 MT.
Australian Cash Rate Hot News
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
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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.
