Economic calendar in Asia 21 March 2024: New Zealand GDP, Australian jobs report

more to come

We had the RBA meeting this week, the Bank moved a little bit more dovish:

• ForexLive Asia-Pacific FX news wrap: RBA and BOJ deliver as expected

The Australian jobs report will be eyed by the RBA, and they’ll have noticed the quick move higher in the unemployment rate in recent months. Its up 0.5% since September of last year. On a more positive note its not a lot higher than 5-decade lows. As inflation dribbles lower the Bank is keen to preserve job gains. A move higher in the jobless rate again should, at the margin, drag expectations of an RBA rate cut a little closer and, again at the margin, weigh on AUD.

• This snapshot from the ForexLive economic data calendar, access it here.
• The times in the left-most column are GMT.
• The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
• I’ve noted data for New Zealand and Australia with text as the similarity of the little flags can sometimes be confusing.

This article was written by Eamonn Sheridan at www.forexlive.com.