Australia inflation expectations (Melbourne Institute’s April survey) 5.2% (vs. prior 4.9%

  • The March reading was 4.9%, a ten-year high. Surpassed in the April survey.

Australian jobs data is the focus for AUD-related data today. The March report is due at the bottom of the hour.

0130GMT Australian employment report for March 2022

  • Employment Change: K expected +40.0K, prior +77.4K

  • Unemployment Rate: % expected 3.9%, prior 4.0% (lowest since August of 2008)

  • Full-Time Employment Change: K prior was +121.9K

  • Part-Time Employment Change: K prior was -44.5K

  • Participation Rate: % expected 66.5%, prior was 66.4%

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