The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Australian dollar ascends on surprise jobs leap
On Thursday, the Australian dollar managed to leap further in Asia after a sudden soar in jobs added in April, while regional data disclosed that Japan posted better than expected GDP for the first quarter. Meanwhile, market participants were also cautious after ex-FBI director Robert Mueller was appointed by US Justice Department Deputy Attorney General Rod Rosenstein as special counsel to take over the investigation of Russia's probable interference in the US election.
Estimating the greenback’s actual strength versus a trade-weighted basket of six primary currencies, the US dollar index added 0.06%, hitting 97.40.
The currency pair USD/JPY came up with 111.12, heading north 0.26%, while AUD/USD stumbled on 0.7452, climbing 0.30%.
As Australia posted, the country gained up to 37,400 jobs, compared to a predicted outcome of 5,000 jobs added in April. It sent the unemployment rate down, hitting 5.7%, compared to a steady of 5.9% observed.
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.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.