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.
Greenback declines in Asia as Japanese yen rebounds
On Tuesday, in Asia, the US currency gave up early revenues, with the Japanese yen on the rebound having dropped overnight on hopes for continued monetary as well as fiscal stimulus in the wake of snap surveys at the weekend.
The currency pair USD/JPY demonstrated 113.32, decreasing 0.11%, AUD/USD hit 0.7817, soaring 0.12%, while EUR/USD rallied 0.12% being worth 1.1763.
As for the US dollar index, tracking the greenback’s value against a trade-weighted basket of six key counterparts, it slumped 0.11% showing 93.62.
Overnight, the evergreen buck traded at three-month maximums versus the Japanese yen because market participants expected the BOJ to keep losing monetary policy measures after Japanese Prime Minister Shinzo Abe managed to win a snap election for his party.
The soar in the evergreen buck pressured the common currency. The euro dived to a nearly one-week minimum amid everlasting political uncertainty in Spain.
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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.
