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 slumps vs. counterparts ahead of American GDP data
On Friday, the greenback decreased versus other key counterparts because recent comments by the Fed kept weighing. Moreover, traders were still waiting for the publication of second-quarter surge data due later in the day.
The currency pair EUR/USD gained 0.15% trading at 1.1694, which is not far from Thursday’s two-and-a-half year maximums of 1.1777.
The Fed’s cautious tone on inflation generated fresh uncertainty over the likelihood of a third rate lift in 2017.
The major US bank also told that it expected to start shrinking its balance sheet in the nearer future, thus powering hopes for an announcement already in September.
The currency pair GBP/USD gained 0.17% trading at 1.3088, drifting away from last session’s 10-month maximum of 1.3159.
USD/JPY tumbled 0.31% being worth 110.91.
Meanwhile, in June, Japan’s household spending soared by 1.5%, ruining expectations for a 0.1% sag.
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.