
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.
On Wednesday, the evergreen buck went down versus a basket of crucial counterparts because financial markets weighed rumors over who is going to be the next Fed Chair. They were also waiting for American jobs data to be published later this week.
Measures the greenback’s value versus a trade-weighted basket of six main currencies, the US dollar index slumped 0.2% being worth 93.23, drifting away from Tuesday’s one-and-a-half month maximum of 98.78.
Market sentiment on the greenback was dented due to rumors that US Treasury Secretary Steven Mnuchin actually favors Fed Governor Jerome Powell over ex-governor Kevin Warsh to head the key US financial institution.
The evergreen buck went down against the Japanese yen, with USD/JPY declining 0.19% being worth 112.63.
The common currency inched up, with EUR/USD soaring 0.17% hitting 1.1764, drifting away from Tuesday’s one-and-a-half month minimum of 1.1695.
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.
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.
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