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 drifts away from minimums, while still wobbly as hawkish key banks help peers
On Monday, the evergreen dollar drifted away from a nine-month minimum versus a basket of major currencies, though remained quite shaky as signs that major banks in the EU were moving away from accommodative monetary policies kept the common currency and sterling backed.
The dollar index versus a group of six crucial currencies surged 0.1%, showing 95.729, crawling away from a nine-month dip of 95.470 hit on Friday.
The US dollar struggled the previous week because hawkish comments from key bankers powered hopes that the ECB, BoE and Bank of Canada would get down to tighter monetary policies.
The greenback gained 0.1%, trading at 112.435 yen, having dipped to 111.900 earlier before rapidly rebounding.
The currency market is currently paying more attention to monetary policy changes in the EU and other regions. The fact that the BoE and BOC are rushing to stabilize their monetary policies turned to be a big surprise the previous week.
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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.
