Economic calendar in Asia 23 May 2024 – data from NZ, Australia, Japan

New Zealand retail sales data for Q1 is unlikely to be too much of a Kiwi $ mover. There are much bigger inputs for the NZD active at present, the first being the RBNZ meeting yesterday that was read hawkish, followed by the press conference where Governor Orr was not nearly so hawkish at all:

• ForexLive Asia-Pacific FX news wrap: NZD jumped on a more hawkish RBNZ Statement

Speaking of hawkish, the other big input is those pesky Federal Open Market Committee (FOMC) minutes we’ve just had:

• Fed Minutes:Will take longer than anticipated to gain greater confidence in inflation fall

Given the pivot we’ve been hearing in comments from Fed officials these past few weeks its no surprise the minutes pointed to a hawkish Bnak.

• 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.