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 descends versus yen
On Thursday, the evergreen buck was just a touch lower versus the Japanese yen after reaching an eight-week peak overnight. Simultaneously, the New Zealand dollar slid after the country’s major bank repeated it would keep rates intact for a significant period.
The currency pair USD/JPY declined 0.1%, hitting 114.16, having reached a peak of 114.37 overnight, which is its strongest value since March 15.
The evergreen buck managed to steady versus its Japanese counterpart having dropped early Wednesday because Donald Trump’s sudden firing of FBI Director James Comey definitely piqued traders’ aversion to risk.
Nevertheless, demand for the major American currency kept being supported by expectations for a rate lift by the Fed next month. Financial markets are actually pricing in about an 80% likelihood of a lift at the Fed's June gathering.
The common currency edged up, with EUR/USD soaring 0.1%, being worth 1.0877.
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.