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 moves up
On Monday, the evergreen buck soared versus a basket of currencies, drifting away from the previous week's 6-1/2-month minimums and also shrugging off news of North Korea's new missile test because investor attention shifted to the Fed’s expected interest rate lift already next month.
The dollar index, tracking the evergreen buck versus a basket of six counterparts, grew 0.1%, hitting 97.502, staying above the previous week's value of 96.797, the lowest outcome since Nov. 9.
On Monday, John Williams, San Francisco Federal Reserve President told in Singapore that medium-term trends in American inflation were still favorable enough, notwithstanding some recent soft consumer price data.
The American economy was at or close to the Fed’s objectives of full employment as well as stable prices, as Williams informed, adding that the Fed was eager to ensure financial markets stayed calm because the major US bank slowly returned its interest-rate policy to what markets consider normal.
The US dollar tacked on moderately to 111.37 yen , holding its ground notwithstanding a cautious backdrop, which normally underpins Japan's perceived safe-haven currency.
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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.
