The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
Greenback dives, but staying backed by US tax expectations
On Monday, the evergreen buck declined versus other key currencies, although remained backed by expectations that a key American tax overhaul will be approved before the Christmas holiday.
The US currency was underpinned after on Friday Republicans put the final strokes on a sweeping tax overhaul bill.
They don’t doubt that this week Congress will have the tax bill approved.
Evaluating the greenback’s strength versus a basket of six crucial currencies, the US dollar index headed south 0.09% being worth 93.38.
The currency pair EUR/USD rallied 0.13% trading at 1.1763, GBP/USD gained 0.16% being worth 1.3344.
The common currency gained support after on Friday Germany's Social Democrats decided to start coalition negotiations with Chancellor Angela Merkel, thus giving a chance to end Germany’s political deadlock.
The currency pair USD/JPY managed to grow 0.10% hitting 112.71.
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.
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 New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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.