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 stands still as Fed minutes awaited
On Wednesday, the US currency was intact versus a basket of the other key currencies after a holiday in America, as traders waited for the minutes of the Fed’s latest gathering later in the day.
The US dollar index, assessing the greenback’s value versus a trade-weighted basket of six crucial currencies, showed 95.96.
The US dollar soared versus the Japanese yen, with USD/JPY adding 0.19% and hitting 113.49, having dropped to an overnight minimum of 112.83.
The Japanese yen remained underpinned overnight amid surging geopolitical tension a day after North Korea launched an intercontinental ballistic missile, reportedly capable of carrying a large nuclear warhead.
The greenback managed to regain ground as financial markets moved on following a brief bout of risk aversion.
The Fed was expected to issue minutes from its June policy gathering later on Wednesday. Market participants are waiting for fresh indications on the future path of American interest rates ahead of Friday’s major jobs report.
The common currency pushed higher versus the greenback, with EUR/USD leaping 0.15% and showing 1.1366.
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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.
Latest news
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.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
