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 stand still vs. weaker greenback
On Thursday, the Australian and New Zealand dollars were intact versus their American counterpart because the US currency moderately recovered from losses posted after the publication of the minutes of the Fed’s latest policy gathering.
Trade volumes were believed to remain thin enough with American markets unavailable on Thursday because of the Thanksgiving holiday.
The currency pair AUD/USD didn’t change sticking to 0.7623.
The US currency initially went down after the minutes of the Fed's most recent gathering showed that some policymakers were still concerned over constantly low inflation.
Additionally, the report also disclosed that the Fed actually expects to lift interest rates in the nearer future, driving expectations for a December rate increase.
However, the Fed added that economic data is going to determine the timing of future rate lifts that could potentially mean a slower tempo than expected for next year.
The currency pair NZD/USD stood still at 0.6880.
Similar
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.
Latest news
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.
Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
