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 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.
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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.
