
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.
On Monday, the evergreen buck soared versus other key currencies because it mildly revived from losses posted last week due to mounting worries over the fate of a highly-anticipated American tax reform.
On Thursday, Senate Republicans unveiled a tax plan. It stood out from the one made by House Republicans. It highlighted the challenges to clarify the differences between the two opposite initiatives with a short time before the end of 2017 they have set to pass it.
Expectations of tax reform have helped to spur the evergreen buck since mid-September. Some market participants are assured that tax reforms could ensure growth, applying pressure on the Fed to lift interest rates.
Estimating the greenback’s value against a trade-weighted basket of six crucial currencies, the US dollar index soared 0.25% being worth 94.54.
The currency pair EUR/USD slumped 0.22% hitting 1.1640, GBP/USD lost 0.84% trading at 1.3081.
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 Australia will make the cash rate statement on May 3, at 07:30 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.
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
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