Australia CPI expected to show inflation eased further in Q1, backing case for more rate cuts.Australia will release multiple inflation figures on Wednesday and financial markets anticipate price pressures easing further at the beginning of 2025, paving the way for additional Reserve Bank of Australia (RBA) interest rate cuts. The central bank is meant to meet to decide on monetary policy on May 19-20.
Economic calendar in Asia Wednesday, April 30, 2025 - China PMIs, Australian CPI.China's April PMIs are expected to fall back a little from March, both the official and the unofficial. Trump tariffs should continue to bit in the months ahead.
Aussie Inflation Set to Cement RBA May Cut; Month-End Calm Prevails.The forex markets are generally holding steady today, with all major pairs and crosses bounded within yesterday's range. While month-end lull is at play, caution is also dominating sentiment as traders prepare for a heavy barrage of economic data scheduled from Wednesday through Friday.
EUR/USD, USD/JPY and AUD/USD Forecast – US Dollar Grinds Against Others.The US dollar continues to be noisy, as the greenback has risen just a bit in the early hours of Tuesday. At this point, the markets continue to watch the whole tariff situation, and because of this, the choppiness will more likely than not continue.
Australian Dollar Hits New 2025 High, CPI Looms.Australia's inflation rate has been dropping and we'll get a look at first-quarter CPI on Wednesday. Annualized, inflation is expected to ease to 2.3% from 2.4% in Q4.