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 nearly intact at 1-week minimum vs. counterparts
On Friday, the evergreen buck was nearly intact sticking to a one-week minimum versus other key currencies. It’s because worries over the fate of a highly-anticipated American tax reform bill applied pressure on the US currency.
The greenback was pressured due to the news that the Senate Republicans' bill tax overhaul would postpone implementation until 2019.
Like their House rivals’ version, the Senate's proposal also suggests cutting the corporate tax rate from 35% to 20%.
Besides this, both bills would add approximately $1.5 trillion over 10 years to the American budget deficit as well as national debt.
The currency pair EUR/USD was intact being worth 1.1641. GBP/USD slid 0.11% showing 1.3131.
USD/JPY was intact, sticking to 113.49. Meanwhile, the currency pair USD/CHF managed to grow 0.20% trading at 0.9948.
AUD/USD gained 0.09% demonstrating 0.7686, NZD/USD dived 0.10% hitting 0.6939.
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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.
