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Forex - Australia Week Ahead: 5-9 Mar - key upcoming data and events
A lot occasion in the week ahead. There is a unanimous perspective that the RBA will leave rates at 4.25% at their financial policy meeting on Tuesday. Key evidence of the slew of releases include GDP and work. We look for a weaker Q4 GDP print appurtenant to to the consensus and more importantly, below the RBA's implied calculation as of their latest quarterly statement of capital policy. We see our forecast downside in GDP to be meritorious enough to be a market mover. Meanwhile, we look for a consent employment print, though this is in-line with the consensus. That said, we see the conceivability that the unemployment rate will surprise markets by leftover at 5.1% against the consensus expectation for a bring into being to 5.2%. Finally, we see a likely big discover ' in the January trade balance. We look for a much smaller surfeit relative to the consensus as exports meet took a big hit due to the early timing of the Chinese New Year.
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