Economic calendar in Asia Wednesday, 1 May 2024 – New Zealand jobs report

China celebrates Labour Day holidays from May 1 to 5, inclusive. Markets in China are closed for the holiday. There will be no CNY rate setting, for example.

Of most note today are labour market numbers from New Zealand, where the unemployment rate is expected to have risen. The New Zealand economy is running along slowly, hit by the sustained high interest rates from the RBNZ as it battles high inflation. NZD/USD is softer, at the margin, due to this, but like much lease in FX world its being pummeled by the strong US dollar.

• 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.