Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:30 Australia RBA Monetary Policy Statement
07:00 Switzerland Foreign Currency Reserves April 576 587
The U.S. dollar traded mixed against the most major currencies ahead of the release of the U.S. labour market data. Analysts expect that U.S. unemployment rate is expected to remain unchanged at 5.0% in April. The U.S. economy is expected to add 200,000 jobs in April, after adding 215,000 jobs in March.
The euro traded higher against the U.S. dollar in the absence of any major economic reports from the Eurozone.
The British pound traded mixed against the U.S. dollar in the absence of any major economic reports from the U.K.
The Canadian dollar traded mixed against the U.S. dollar ahead of the release of the Canadian labour market data. The unemployment rate in Canada is expected to rise to 7.2% in April from 7.1% in March.
Canada’s economy is expected to add 1,000 jobs in April.
Canada’s seasonally adjusted Ivey purchasing managers’ index is expected to rise to 52.5 in April from 50.1 in March.
The Swiss franc traded lower against the U.S. dollar. The Swiss National Bank’s (SNB) foreign exchange reserves increased to 587.566 billion Swiss francs in April from 576.479 billion francs in March. The data could mean that the central bank the central bank may have intervened in the foreign exchange market. The SNB declined to comment.
EUR/USD: the currency pair rose to $1.1430
GBP/USD: the currency pair traded mixed
USD/JPY: the currency pair declined to Y106.86
The most important news that are expected (GMT0):
12:30 Canada Unemployment rate April 7.1% 7.2%
12:30 Canada Employment April 40.6 1
12:30 U.S. Average hourly earnings April 0.3% 0.3%
12:30 U.S. Nonfarm Payrolls April 215 202
12:30 U.S. Unemployment Rate April 5% 5%
14:00 Canada Ivey Purchasing Managers Index April 50.1 52.5
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