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 steadies ahead of major bank meetings
On Tuesday, the evergreen buck stood still versus a basket of currencies, with the focus on the Fed’s two-day gathering, while the Canadian dollar managed to grow after Canada’s major financial institution suggested interest rates could leap sooner than anticipated.
The dollar index, normally gauging the US dollar against crucial rivals, hit 97.245, overleaping its seven-month minimum of 96.511 reached the previous week.
As for the Canadian dollar, it showed its best outcome for two months, keeping to C$1.3287 per greenback, extending its profits, having climbed more than 1% on Monday.
The Loonie obtained a lift right after a senior Bank of Canada official dared to raise the prospect that an interest rate lift could emerge sooner than anticipated.
With the major American supposed to lift its interest rates, traders’ focus shift to new hints on the pace of further tightening, its assessment of the US economy and also outlook on inflation.
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.