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 tumbles vs euro and pound as BoE and ECB open door to hawks
On Thursday, the US dollar kept to one-year minimums versus the common currency and dipped versus the British pound in Asian trade because market participants priced in tighter monetary policy in the EU.
The US dollar index, usually tracking the strength of the American currency versus six main rivals, decreased 0.1%, being worth 95.843, demonstrating its lowest outcomes since October and quite below peaks above 97.0 reached earlier this week.
The British pound contributed to revenues made after BoE Governor Mark Carney told on Wednesday that Britain’s key financial institution probably require lifting interest rates as the UK economy gets closer to working at full capacity.
On Tuesday, ECB Governor Mario Draghi sparked the common currency’s leap, when he dropped a hint that the EU’s major bank could potentially trim its stimulus in 2017.
The euro gained 0.3%, trading at $1.1410. The British pound surged 0.2%, being worth $1.2955.
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.