Key Insights and Market Developments in the Asia-Pacific Region
Thursday, 21 March 2024, 03:25
Asia-Pacific Financial Markets Update
It was an active post-FOMC/Powell session with plenty of news and data flow, and significant FX movement.
New Zealand Q4 GDP
- Technical Recession: NZD/USD dipped momentarily before bouncing back as the US dollar retreated post-Fed decision.
Japanese Trade Data
- Confidence Boost: Japanese companies show improved confidence with rising exports and steady service-sector mood.
- Further details in the bullets above.
Australian Employment Report
- Remarkable Figures: Unemployment rate drops to 3.7% with substantial job additions leading to a surge in full-time employment.
Chinese Economic Outlook
- Positive Forecast: PBOC Deputy Governor expects significant nominal economic growth for China in 2024.
- Remarks from PBOC and NDRC officials were supportive and upbeat on the economy.
The US dollar continued its decline while gold prices surged and regional equities rose following signals from Wall Street.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.