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.
Yen rallies after BOJ move
On Tuesday, the Japanese yen leapt after the BOJ reduced its purchasing of long-dated Japanese government bonds in its market operations, thus assisting to stoke speculation as for a future exit from its huge stimulus policy.
The Japanese yen tacked on 0.4% trading at 112.62 yen to the US currency, rebounding further from its two-week minimums of 113.40 per greenback hit on Monday.
The BOJ's recent operation turned to be a trigger for the Japanese yen's revenues, although market experts think there were many New Year flows considering today was the first business day for many investors.
On Tuesday, the common currency languished, having dived from the previous week's maximum as market participants were cautious after a months-long soar, while the greenback strengthened versus the Japanese yen although a lack of catalysts tamed its momentum.
The euro hit $1.1971, nearly intact in Asia having dived 0.5% on Monday, which is its largest daily sag since late October.
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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.
Latest news
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.
