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 is at 2-1/2 week maximums
On Friday, the US currency was hovering over a two-and-a-half week maximums versus other key currencies, amid mounting optimism as for a crucial US tax reform plan. Additionally, the greenback was underpinned by the fact traders closely watched the publication of major American employment data a bit later in the day.
The US dollar was driven after on Thursday the US approved legislation to temporarily fund the American government through December 22, prior to a Friday midnight deadline. It powered expectations that the highly-anticipated American tax reform is going to be passed before the end of 2017.
Republicans welcomed negotiations with the House of Representatives on a key tax reform bill, indicating that lawmakers could come to a compromise on a final bill prior to a self-imposed December 22 deadline.
The common currency dived, with EUR/USD losing 0.20% showing 1.1749, which is the lowest reading since November 23.
GBP/USD stood still sticking to 1.3474. USD/JPY rose 0.34% hitting 113.47.
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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.
