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 trades lower with American tax bill still in focus
On Thursday, the evergreen buck went down versus key currencies because uncertainly over the fate of a key American tax reform bill kept weighing and financial markets were still following Donald Trump’s diplomatic of Asia.
Market participants were still cautious because an American Senate tax-cut bill that greatly differs from one in the House of Representatives, was believed to be revealed a bit later on Thursday.
On Tuesday, the Washington Post informed that Senate Republican leaders were considering delaying the implementation of key corporate tax cuts for the purpose of complying with Senate rules.
Investors are concerned over any probable delays in the implementation of the tax cuts or the likelihood that proposed reforms appear to be less radical than hoped for.
The currency pair EUR/USD gained 0.16% trading at 1.1615, GBP/USD rallied 0.24% being worth 1.3145.
Additionally, USD/JPY tumbled 0.23% hitting 113.64, USD/CHF lost 0.22% showing 0.9978.
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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.
