UK rate decision, Graeme Wheeler’s speech, German GDP, UK Employment data, Mark Carney’s speech, US Retail sales, Producer Prices, Unemployment claims and Consumer sentiment. These are the major events on forex calendar. Join us as we explore this week’s highlights.
Last week, Non-Farm Payrolls release showed the U.S. economy created 223,000 jobs in April, rebounding from a sluggish start to 2015. The unemployment rate declined to a seven-year low of 5.4%. Economists expected NFP to reach 228,000 in April. The Non-Farm reading supports the Fed’s decision to raise rates in the coming months. Average hourly earnings edged up 2.2% from a year ago. Hiring was strong across the board, except for manufacturing and retail. Will the Fed raise rates in its next policy meeting?
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