
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
On Thursday, the evergreen buck hit its highest value in nearly two weeks versus the Japanese yen, underpinned by this week's ascend in American bond yields, with the market's attention shifting to who’s going to head the Fed as well as this weekend's Japanese election.
Gauging the US currency’s strength versus a basket of six main rivals, the US dollar index slightly grew , showing 93.389.
The US currency grew to 113.095 yen during early Asian trade. That’s its strongest outcome since October 6.
This week's leap in American bond yields gave support to the greenback. Evidently, the two-year American Treasury yield grew to its highest value since November 2008 on the back of hopes for tighter global monetary policy.
On Wednesday, the benchmark American 10-year Treasury yield hit a one-week maximum of 2.352%, and it last traded at 2.342%, having ascended six basis points this week.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
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.
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