The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
Greenback slumps in Asia on policy concerns
On Wednesday, the evergreen buck inched down in Asia and the Japanese yen soared on safe-haven demand because President Donald Trump dared to sack FBI Director James Comeyover, reportedly unable to handle sensitive investigations. It lifted worries of a fallout for Trump’s economic policy objectives as well as ability to draw on public support.
The currency pair USD/JPY declined 0.16%, hitting 113.82, while AUD/USD hit 0.7356, soaring 0.19% after on Tuesday the Australian budget levied a tax on financial institutions to assist the government in meeting projected fiscal surplus objectives and securing its triple-A sovereign credit rating.
Tracking the US dollar’s value versus six major currencies, the US dollar index tumbled 0.15%, being worth 99.30.
Overnight, the evergreen buck traded higher versus a basket of crucial currencies, buoyed by a surge in hopes that the US major financial institution intends to have its benchmark rate lifted in June.
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.
The US Bureau of Economic Analysis will publish Core Personal Consumption Expenditures (PCE) on May 27 at 15:30 GMT+3.
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.