New Zealand trade data kicks off the agenda, with Japanese services PPI to follow and then Australian CPI data for both the March month and Q1.
Eyes will be mainly on the quarterly inflation data, which is expected to rise from 0.6% q/q in Q4 2023 to 0.8% q/q for Q1 of 2024. This will keep the RBA on alert and the cash rate sitting here it is for now. The y/y is expected to drop, both for the headline and core (trimmed mean).
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.
This article was written by Eamonn Sheridan at www.forexlive.com.
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