The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.
Greenback is on defensive, following Fed minutes
On Thursday, the greenback find itself on the defensive after the Fed suppressed some of the more hawkish policy expectations, while the common currency got to a 6-1/2-month peak.
Fed policymakers agreed they require holding off on lifting interest rates until they see clear evidence that a recent economic recession appeared to be transitory, as the minutes from their last policy gathering revealed on Wednesday.The minutes definitely indicated the Fed’s increased caution toward interest rate lifts.
Versus a basket of key currencies, the dollar index tumbled 0.3%, hitting 96.972.
The major American currency was weighed by lower Treasury yields, dropping on the Fed's hint at upcoming rate lifts.
The evergreen buck reached 111.635 yen, drifting away from one-week peak of 112.130 scaled yesterday.
The common currency that dropped as low as $1.1168 overnight, grew 0.2%, reaching $1.1240.
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.