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 intact
On Wednesday, the evergreen buck was intact versus the other key currencies because market participants were monitoring the publication of American housing sector data, following comments by Federal Reserve officials that generated uncertainty over future rate lifts.
The currency pair EUR/USD soared 0.12%, being worth 1.1147.
The greenback gained support from Monday’s quite hawkish remarks made by New York Fed president William Dudley. The official spurred hopes for the Fed to keep increasing interest rates.
The currency pair GBP/USD sank 0.13%, being worth 1.2615. It’s because the UK Office of National Statistics announced that in May public sector net borrowing tacked on by £5.99 billion, compared to hopes for a leap of £7.00 billion.
In April, public sector net borrowing gained £8.68 billion.
Meanwhile, the currency pair USD/JPY lost 0.21%, hitting 111.22, while USD/CHF leapt 0.11%, showing 0.9739. USD/CAD gained 0.19%, trading at 1.3293.
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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.
Latest news
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.
