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(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
00:30 Australia Leading Index March 0.3% -0.3%
01:30 Australia CPI, q/q Quarter I 0.2% 0.1% 0.2%
01:30 Australia CPI, y/y Quarter I 1.7% 1.3% 1.3%
01:30 Australia Trimmed Mean CPI q/q Quarter I 0.7% 0.6% 0.6%
01:30 Australia Trimmed Mean CPI y/y Quarter I 2.2% 2.2% 2.3%
02:00 China Leading Index March 1.4% Revised From 1.5% 2%
The Australian dollar gained ahead of consumer price data while the yen was mostly flat before trade data in early Asia on Wednesday. Australia's first quarter CPI is due and expected to show a 0.2% quarter-on-quarter rise, the same pace as the fourth quarter with the annual pace seen at a gain of 1.3%.
In Japan today, March trade data are due at 0850 Tokyo time (2350 GMT). The forecast is for a trade surplus worth ¥50.0 billion, the first surplus in 33 months.
The dollar regained some strength after a recent string of soft economic data dampened optimism on the U.S. recovery, adding to uncertainty over the timing of a rate hike.
EUR / USD: during the Asian session the pair fell to $ 1.0715
GBP / USD: during the Asian session the pair traded in the range of $ 1.4910-35
USD / JPY: during the Asian session the pair traded in the range Y119.55-75
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