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.
Aussie and Kiwi ascend versus broadly weaker greenback
On Wednesday, the Australian and New Zealand dollars tacked on versus their US rival because American political concerns kept weighing heavily on the US currency.
The currency pair AUD/USD grew 0.13%, trading at 0.7435.
The evergreen buck slid broadly, reacting to reports that Donald Trump dared to share secret intelligence with Russia's foreign minister the previous week.
The greenback came under further selling pressure, following news that Trump asked ex-FBI Director James Comey to cease the agency's investigation into ties between Russia and ex-White House national security adviser Michael Flynn.
Financial markets were still reviving from Trump’s decision the previous week to have James Comey sacked and amid congressional calls for an immediate independent investigation of hypothetical Russian interference with the American election.
The currency pair NZD/USD tacked on 0.15%, trading at 0.6923, thus demonstrating highest value since May 11.
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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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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.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
