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.
Australian dollar holds revenues in Asia after China industrial output soars
On Wednesday, the Australian dollar held slight revenues in Asia, after China posted better than expected industrial output. Additionally, market participants waited for fresh clues from the latest Fed policy review.
The currency pair AUD/USD demonstrated 0.7539, rising 0.03%, while USD/JPY hit 109.95, sliding 0.09%.
China posted that industrial output for May inched up faster than expected 6.5% on year. As for retail sales, they earned too, outperforming the expected 10.7%, while fixed-asset investment didn’t manage to surpass the expected 8.6%.
Meanwhile, New Zealand informed that its current account for the first quarter faced a deficit of about NZ$8.13 billion, which is wider than the deficit of NZ$7.28 billion observed and from NZ$7.11 billion last year.
The currency pair NZD/USD reached 0.7220, standing still.
The US dollar index, estimating the greenback’s value versus six leading currencies, dived 0.07%, trading at 96.90.
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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.
