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.
Yen drops in Asia
On Friday, the Japanese yen held weaker against the greenback in Asia, with trade light as well as direction focused on end of the week indicators in America, including consumer sentiment.
The USD/JPY hit 113.46, ascending 0.13%, while AUD/USD reached 0.7683, soaring 0.08%. Meanwhile, GBP/USD showed 1.2353, tumbling 0.04%, while EUR/USD gained 0.07%, being worth 1.0774.
The US dollar index, estimating the greenback’s value against a trade-weighted basket of six crucial currencies, declined 0.03%, hitting 100.06, losing more than 1% on the week.
On Friday, the People's Bank of China set the Yuan mid-point at 6.8873 against the greenback, compared with the previous outcome of 6.9003.
Overnight, the evergreen buck traded lower after the Fed failed to adopt a more aggressive outlook as for the pace of rate lifts this year.
The British pound traded steeply higher against the greenback, reaching a two week peak of $1.2373, after the Bank of England left interest rates intact, though hinted that a rate lift could be in the pipeline.
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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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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.
How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Will CPI push USD higher?
The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
