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.
Kiwi stands still following positive N.Z. data
On Wednesday, the New Zealand dollar held steady versus its American rival, after the issue of positive New Zealand employment data. Meanwhile, the Australian dollar declined ahead of the Federal Reserve’s approaching policy verdict.
The currency pair NZD/USD stood still, keeping to 0.6936, off a one-week peak of 0.6968 reached overnight.
Earlier on Wednesday, Statistics New Zealand told that the overall number of employed folks grew by 1.2% during the first quarter, thus ruining hopes for a 0.8% revenue and after a surge of 0.8% in the three months to December.
As for the unemployment rate, it declined to 4.9% during the first quarter from 5.2% last quarter, thus breaking hopes for an unchanged reading.
The currency pair AUD/USD went down 0.62% to reach 0.7487.
Meanwhile, market sentiment on the US dollar strengthened ahead of the Fed’s highly-anticipated monetary policy verdict a bit later in the day.
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.