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.
Common currency takes breather after soar
On Wednesday, the common currency tumbled to take a breather from a soar underpinned by optimism over the euro zone's economy as well as hopes that the European Central Bank is going to wind down its bond-buying stimulus this year.
The common currency dived 0.1% hitting $1.2048. On Tuesday, the euro reached a four-month maximum of $1.2081, thus marking a profit of approximately 3% from a mid-December sag and also bringing it close to a September maximum of $1.2092, which is the euro’s highest value since early 2015.
It was spurred by reports showing euro zone manufacturers concluded 2017 by increasing activity at the fastest tempo for more than two decades because soaring demand suggested they are going to start 2018 on a high note.
The common currency was also underpinned by hopes for a shift in ECB monetary policy in 2018.
Versus a basket of six key currencies the US dollar index was intact, sticking to 91.902, having ascended from Tuesday's 3-1/2 month dip of 91.751.
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.