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 nearly intact as American tax vote eyed
On Thursday, the evergreen buck was fluctuating between minor revenues and losses versus a basket of the other crucial currencies because market participants waited for an anticipated vote on the US tax bill a bit later in the day.
Assessing the greenback’s value against a basket of six main currencies, the US dollar index hit 93.76 having dropped to 93.31 on Wednesday, which was its weakest reading since October 26.
The US currency gained some support after Politico informed that House Republicans are quite confident they have the votes to have a huge rewrite of the US tax code passed later on Thursday.
However, worries over the passage of the tax plan were still actual after on Wednesday two Republican lawmakers dared to criticize the bill.
The greenback soared against the Japanese yen, with USD/JPY rallying 0.21% being worth 113.12.
The common currency was intact versus the US currency, with EUR/USD sticking to 1.1788, which is off Wednesday’s one-month maximum of 1.1859.
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 Australia will make the cash rate statement on May 3, at 07:30 MT.
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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.