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 outlook: January 2 - 5
On Friday, the evergreen buck sagged to its lowest value for more than three months versus a basket of the other key currencies on the final market day of 2017, and reported its largest annual percentage dive since 2003.
Measuring the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index edged down to 91.83, which is the weakest reading since September 22.
For the year, the index has lost 9.8%, which is the biggest annual percentage sag since 2003.
The index actually started 2017 at a 14-year maximum, underpinned by expectations for Donald Trump’s pro-surge economic agenda. However, barring a sweeping tax overhaul enacted the previous week, the Trump administration has struggled to have legislation passed.
The evergreen buck also lagged notwithstanding the Federal Reserve’s rate lifts amid increased investor hopes for other key financial institutions to reduce their stimulus.
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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.
