Here is what you need to know on Wednesday, May 1: The US Dollar preserves its strength on the first trading day of May as investors gear up for key data releases and the Federal Reserve's monetary policy decisions. The ADP will release the private sector employment report for April ahead of the US Bureau of Labor Statistics's JOLTS Job Openingsdata for March and the ISM Manufacturing PMI Survey for April.
3% in the first quarter from 4%. The Employment Change for this period arrived at -0.2% following the 0.4% increase recorded in the last quarter of 2023. Pressured by the broad USD strength and disappointing data, NZD/USD lost 1.5% on Tuesday and was last seen trading below 0.5900. USD/JPY posted strong gains on Tuesday and retraced a large portion of the decline that was triggered by Japan's suspected intervention in currency markets at the beginning of the week.