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 shows moderate gains in Asia
On Tuesday, the Australian dollar posted a mild rebound because Australia’s key bank held rates intact and also pointed to wages as well as house prices as areas of focus because market participants look ahead to Donald Trump’s remarks in South Korea.
The Reserve Bank of Australia issued its latest interest rate verdict and left its benchmark cash rate at 1.50% just as anticipated, hinting it’s monitoring the housing market and a strengthening Australian dollar is actually restraining price pressures.
The currency pair USD/JPY hit 113.87, soaring 0.15%, AUD/USD reached 0.7694, gaining 0.03%. As for GBP/USD, this currency pair added 0.04% being worth 1.3176.
A bit earlier in Japan, average cash earnings tacked on 0.9% versus a 0.6% revenue expected for September.
Measures the greenback’s value against a trade-weighted basket of six crucial currencies, the US dollar index managed to grow 0.02% being worth 94.64.
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).
