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.
USD/CAD dives notwithstanding dismal Canadian data
On Monday, the greenback dived versus its Canadian rival notwithstanding the publication of dismal Canadian data because the American government shutdown kept dampening demand for the US currency.
The currency pair USD/CAD slid 0.29% being worth 1.2457.
On Monday, Statistics Canada informed that in November wholesale sales edged up 0.7%, confounding hopes for a soar of 1%.
In October, wholesale sales tacked on 1.6%, whose figure was updated from a previously evaluated 1.5%.
However, the US currency was still under pressure because the American government shutdown was still lasting on Monday after the Senate didn’t manage to reach a deal Sunday night to finance government operations.
US lawmakers have been struggling to reach a deal on immigration. The given issue is considered to be important to breaking that deadlock.
As for the Loonie, it gained versus the common currency, with EUR/CAD losing 0.10% being worth 1.5256.
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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.
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.
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Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
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.
