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 shrugs off 15-month low
On Thursday, the evergreen buck inched away from a 15-month minimum against a basket of crucial currencies, although the US currency was still looking wobbly because of doubts as for whether there will be another American interest rate hike in 2017 or not.
Estimating the greenback's actual strength versus a bunch of major currencies, the US dollar index rallied 0.1% being worth 92.949. It dropped to 92.548 on Wednesday, its weakest outcome since May 2016.
The US currency has been suppressed by political turmoil holding Washington tight and also by largely uninspiring American economic data, especially sluggish inflation, contributing to uncertainty regarding the tempo of future Fed policy tightening.
The common currency slid 0.1% reaching $1.1845 versus the evergreen buck, drifting away from a 2-1/2 year maximum of $1.19105 hit on Wednesday, which is its highest value since January 2015.
The greenback didn’t change versus the Japanese yen sticking to 110.76, rebounding from a minimum of 109.92 yen hit earlier this week – the US currency’s lowest outcome for more than six weeks.
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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.
