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.
Australian dollar gives up some early revenues after China GDP
On Monday, the Australian dollar gave up some early revenues as China’s GDP came in better than expected a for the first quarter and the greenback sagged on a trade-weighted basis as American Vice President Mike Pence headed to the ceasefire line on the Korean peninsula dubbed the de-militarized zone or DZB for short.
The currency pair AUD/USD hit at 0.7586, ascending 0.11% with markets in Australia unavailable for Easter Monday. The currency pair USD/JPY reached 108.26, slumping 0.36%.
The US dollar index, measuring the greenback’s actual value against a trade-weighted basket of six main currencies, tumbled 0.21%, showing 100.28, which is close to a five-month minimum.
The previous week, the vast majority of key markets were unavailable for Good Friday, with the major American currency up against a basket of key currencies on Thursday, thus mounting a revival from its tumble in the previous session and following Trump’s statement that the greenback was too strong, while mostly positive economic data drove market sentiment.
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.
The Reserve Bank of Australia will make the cash rate statement on May 3, at 07:30 MT.
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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.