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 slump as US dollar rebounds
On Wednesday, the Australian and New Zealand dollars headed south versus their American rival because the US currency managed to regain some strength. However, revenues were supposed to stay limited.
The currency pair AUD/USD dived 0.08% hitting 0.7954, which is off a new four-month maximum of 0.7999 demonstrated overnight.
The US currency modestly revived from abrupt losses reported amid worries that the global economic recovery is going to outpace American surge and help other key financial institutions, led by the European Central Bank to start unwinding loose monetary policy at a faster tempo than anticipated.
Hopes that the ECB could soon get down to taming its monetary stimulus initiative got a boost on Monday right after ECB Governing Council member Ardo Hansson informed that bond buying could be stopped in just one step in September if the EU economy as well as inflation develop as anticipated.
The currency pair NZD/USD dived 0.36% being worth 0.7242.
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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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How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
Will oil change the trend after OPEC meetings?
Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
