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Wednesday, May 20, 2026

Asia Market Movers: Preview: Australia April jobs data eyed as AUD rally and RBA rate path hang in balance

Wednesday, 20 May, 2026

News

Preview: Australia April jobs data eyed as AUD rally and RBA rate path hang in balance

Australia's April jobs data, due Thursday, is expected to show employment rising around 10k-15k with unemployment steady at 4.3%, though Easter distortions and Middle East risks cloud the outlook. Sum

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Central Banks

China to scrap SME loan targets in shift toward market-driven credit, report says

China is set to cancel mandatory loan targets for small companies as part of a broader policy shift toward market-driven credit allocation, according to Shanghai Securities News. Summary: According to

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Central Banks

PBOC is expected to set the USD/CNY reference rate at 6.8072 – Reuters estimate

The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exch

Central Banks

More from Fed's Paulson, says risks are super-elevated and hike on table if growth surges

Philadelphia Fed's Paulson said risks to both inflation and the outlook are super-elevated, and that a rate hike could be considered if growth moves above potential or further inflation risks emerge.

Education

Japan manufacturers' mood edges up in May but outlook darkens, Tankan shows

Japan's Reuters Tankan showed manufacturers' sentiment edging up to plus 8 in May from plus 7, but the outlook index fell to plus 5 for August as Hormuz supply disruptions and auto sector weakness wei

Central Banks

Paulson says current Fed policy appropriate but markets right to price in hikes

Philadelphia Fed President Paulson said current policy is appropriate and putting downward pressure on inflation, but called it healthy that markets are now pricing in scenarios of an extended hold or

Central Banks

ECB's Nagel says bank may have to act in June as Iran energy shock spreads

ECB Governing Council member and Bundesbank President Nagel said the ECB may have to act at its June meeting as the Iran energy shock proves persistent and the probability of broader inflation spreadi

Central Banks

BOJ may slow or pause bond taper at June meeting, analysts say

The Bank of Japan may slow or pause its bond purchase tapering at the June policy meeting, analysts say, as rising yields and market volatility complicate its balance sheet normalisation plans. Relate

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Commodities

War ICYMI - Trump briefed on Iran strike options after pausing attack, officials say

Trump convened a national security meeting on Iran war plans Monday evening, hours after announcing a pause in strikes, with Gulf leaders' concerns over oil facility retaliation cited as a key factor

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