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 with eyes on Fed for rate signals
On Wednesday, the greenback traded below a six-week peak versus the Japanese yen because the market waited for the Federal Reserve's policy statement for further hints on the American interest rate outlook, while the New Zealand dollar managed to strengthen on strong New Zealand jobs data.
The Fed’s generally expected to keep interest rates intact at the end of its two-day policy gathering, though market participants will look to see whether the US number one bank downplays the recent soft patch in the American economy just to leave the door open for a rate lift in June.
The major American currency last traded at 112.02 yen, which is still not very far from a six-week peak of 112.33 yen achieved on Tuesday.
The US dollar had drifted away from its six-week peak. It’s because April’s poor American car sales data issued on Tuesday contributed to recent concerns as for the outlook for the American economy, which reached a soft patch during the first quarter.
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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
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.
