FX.co ★ Australia Inflation Data Due On Wednesday

Australia is set to release its Q1 consumer price figures on Wednesday, indicating a relatively quiet day for economic activity in the Asia-Pacific region. A surge in inflation is anticipated, with a quarterly rise of 0.8% and yearly rise of 3.4%, following an increase of 0.6% quarterly and 4.1% annually in the previous three months.

Last quarter witnessed the 'trimmed mean' rise by 0.8% quarterly and 4.2% yearly, simultaneously the 'weighted median' also increased by 0.9% quarterly and 4.4% annually.

New Zealand, on the other hand, will report its trade figures for March. February's data pointed to imports totaling NZ$6.11 billion and exports at NZ$5.89 billion, resulting in a trade deficit of NZ$218 million.

In Japan, industry watchers await March's producer price data. Current forecasts suggest no change from the annual rate of 2.1%.