The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
Aussie and Kiwi head south vs. broadly stronger US dollar
On Wednesday, the Australian and New Zealand dollars slumped because hopes for another US rate hike in December gave broad support to the US currency. Additionally, market participants were closely watching the Reserve Bank of New Zealand's interest rate verdict on Thursday.
The currency pair AUD/USD went down 0.38% being worth 0.7856. That’s the lowest outcome since August 16.
On Tuesday, Fed Chair Janet Yellen stressed that the major US bank requires continuing gradual interest rate leaps notwithstanding uncertainty as for the path of inflation.
The greenback had already gained support after on Monday New York Fed President William Dudley told that the Fed is on the verge of gradually lifting interest rates as factors depressing inflation are receding and the American economy's fundamentals are sound enough.
The currency pair NZD/USD edged down 0.17% trading at 0.7195.
The RBNZ is believed to leave interest rates intact at 1.75%, although comments following the verdict will be closely watched for any clues on future policy decisions.
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.
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.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.