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 6-month minimums as Trump woes weigh
On Wednesday, the greenback touched fresh six-month minimums versus a basket of the other crucial currencies because mounting political turmoil in America along with dismal economic data weighed.
The US dollar index, which estimates the US dollar’s value against a trade-weighted basket of six crucial currencies, lost 0.18%, showing 97.92, having touched an overnight minimum of 97.76, the weakest value since November 9.
The index concluded last trading session down 0.81%.
The US dollar found itself under renewed selling pressure, reacting to news that Donald Trump urged currently fired FBI Director James Comey in February to stop an investigation into ex-National Security Adviser Michael Flynn’s relationships with Russia.
Against the Japanese yen, the greenback sagged to one-and-a-half week minimums, with USD/JPY sliding 0.63% to 112.39.
The currency pair EUR/USD showed 1.1096, having ascended to an overnight peak of 1.1122, the most impressive outcome since November 9.
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 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.
The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.