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 stabilizes, still in sight of 2-month minimums
On Tuesday, the evergreen buck declined versus a basket of the other key currencies, although remained in sight of two-month minimums because market participants were still cautious ahead of a probable Senate vote on an American tax plan later in the week.
The U.S. dollar index, tracking the US currency’s value versus a trade-weighted basket of six crucial currencies, hit 92.86, having tumbled to 92.43 on Monday, which is the lowest outcome since September 26.
Worries as for probable delays in the implementation of a key tax overhaul along with tax cuts have suppressed the evergreen buck in recent weeks.
The US currency was nearly intact versus the common currency, with EUR/USD hitting 1.1905, trading below the two-month maximum of 1.1960 reached on Monday.
Demand for the common currency was still backed after data the previous week pointed to firm surge in the euro zone – it helped to overcome traders’ worries over political uncertainty in Germany.
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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.
