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 slides after key bank holds steady as expected
On Tuesday, the Australian dollar went down in Asia after the latest review of interest rates was intact at a record minimum.
The currency pair AUD/USD showed 0.7633, sliding 0.34% after the bank’s verdict expected to hold at a record minimum 1.50%.
Australia also posted retail sales for May with a revenue of 0.6% month-on-month, thus surpassing the expected 0.2% soar.
The American currency jumped versus global currencies, buoyed by manufacturing data, topped experts’ predictions, contributing to hopes that the Fed would lift its benchmark rate later in 2017.
The American dollar managed to regain ground against its counterparts, after data revealed that in June manufacturing activity went up to a three-year peak, pointing to solid economic surge.
According to the Institute for Supply Management, its manufacturing index rallied to 57.8 the previous month from May’s outcome of 54.9.
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
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.
