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 reaches fresh 3-year minimums on euro strength
On Wednesday, the evergreen buck sank to fresh three-year minimums versus other key currencies because the common currency kept broadly strengthening, while the end of the American government shutdown didn’t manage to support the US currency.
In 2018 the common currency has been strongly backed by soaring optimism the European Central Bank is going to indicate a quicker exit than anticipated from its stimulus program.
The currency pair EUR/USD rallied 0.13% being worth 1.2314, which is off a three-year maximum of 1.2335 reached overnight.
The British pound generally gained, with GBP/USD soaring 0.19% hitting 1.4032.
The Japanese yen and the Swiss franc rallied too, with USD/JPY losing 0.34% hitting 109.97 and with USD/CHF heading south 0.32% being worth 0.9545.
The Japanese yen kept getting support from the Bank of Japan's decision on Tuesday not to change its monetary policy.
Additionally, USD/CAD dipped 0.12% showing an outcome of 1.2405.
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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.
