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 goes down further after April minutes demonstrate caution
On Tuesday, the Australian dollar dipped further in Asia, as the major bank issued minutes for the April gathering, which suggested caution on rate views and financial markets looked ahead to comments by American Vice President Mike Pence in Tokyo on ongoing tension on the Korean peninsula.
The currency pair AUD/USD reached 0.7563, sliding 0.37%, USD/JPY leapt 0.15%, trading at 109.06.
Meanwhile, the Reserve Bank of Australia published minutes from its April review at which the country’s major bank held steady at a record minimum of 1.5% for the cash rate. Additionally, China posted in May house prices added 11.3%, a drop down from 11.8% last month.
The US dollar index, normally estimating the greenback’s value against a trade-weighted basket of six crucial currencies, inched up 0.05%, trading at 100.25.
On Tuesday, Pence is supposed to talk about Korean tensions with Japanese Prime Minister Shinzo Abe when he comes to Tokyo for economic negotiations with Finance Minister Taro Aso. Additionally, he’s going to visit Sydney and Jakarta later in the week.
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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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What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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.
