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 leap vs. weaker US currency
On Tuesday, the Australian and New Zealand dollars managed to jump versus the greenback, while worries over the tempo of upcoming American rate lifts kept putting pressure on demand for the US currency.
The currency pair AUD/USD gained 0.11% hitting 0.7609.
Market sentiment on the US dollar was still vulnerable after the previous week's minutes of the Fed’s November gathering showed that some Fed officials worried that US inflation would stay below the Fed’s 2% objective for longer than anticipated.
Market participants were also closely watching Tuesday’s confirmation hearing for Fed Chair candidate Jerome Powell, with expectations he might provide some extra clues on future policy decisions.
Additionally, investors also kept focusing on a potential American tax reform plan. On Tuesday, Donald Trump was braced for meeting Senate Republicans to negotiate the party's efforts to have tax reform legislation passed.
The currency pair NZD/USD rallied 0.26% being worth 0.6933, which is the highest value since October 11.
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 Australia will make the cash rate statement on May 3, at 07:30 MT.
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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.