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 one-and-half-month maximums as yields soar on improved American economic outlook
On Tuesday, the evergreen buck reached a 1-1/2-month maximum because Treasury yields grew after a strong reading for American manufacturing activity hardened expectations for US interest rates to go up by the year-end.
The US dollar index gained 0.3% versus a basket of six crucial currencies, showing 93.847 having hit 93.891, which is its highest value since August 17.
The benchmark 10-year Treasury yield tacked on to 2.348% having briefly hit a three-month maximum of 2.371% overnight.
Debt yields along with equities grew - Wall Street stocks hit record peaks after a measure of American manufacturing activity for September published on Monday demonstrated a soar to a 13-1/2-year maximum.
The common currency slumped 0.2% being worth $1.1707 having brushed $1.1702, its weakest outcome since August 17.
The evergreen buck that initially dipped to 112.660 yen, gained 0.3% showing 113.080 yen. Apparently, a jump above 113.260 would take the US currency to its highest value since mid-July.
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Australian Cash Rate Hot News
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The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
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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.
