For the Kiwi Dollar

Building consents and business confidence figures were in focus.

In August, building consents rose by 0.3%, partially reversing a 4.6% slide from July.

The Kiwi Dollar moved from $0.65820 to $0.65853 upon release of the figures that preceded business confidence figures.

Of greater significance, however, was business confidence in September.

The ANZ Business Confidence Index rose from -41.8 to -28.5, which was down from a prelim -26.0. In August, the index had stood at -31.8.

According to the latest ANZ Report,

The Kiwi Dollar moved from $0.66010 to $0.66056 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.27% to $0.6606.

Industrial production and retail sales figures were in focus.

In August, industrial production rose by 1.7%, following an 8.7% jump in July. Economists had forecast a 1.5% rise.

According to the Ministry of Economy, Trade, and Industry,

Industries that mainly contributed to the increase were:

Industries that mainly contributed to the decrease were:

Forecasts for September were revised upwards from a 1.9% increase in production to a 5.7% increase. Industrial production is projected to rise by 2.9% in October.

According to the Ministry of Economy, Trade, and Industry, retail sales fell by 1.9%, following a 2.9% decline in July. Economists had forecast a 3.5% decline.

The Japanese Yen moved from 105.672 to 105.693 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.03% 105.69 against the U.S Dollar.

It was a particularly busy morning. Key stats included Septembers NBS private sector PMIs and the markets favored Caixin Manufacturing PMI.

In September, the NBS Manufacturing PMI rose from 51.0 to 51.5. Economists had forecast a rise to 51.2. The NBS non-manufacturing PMI increased from 55.2 to 55.9, leading to a rise in the composite from 54.5 to 55.1.

The Aussie Dollar moved from $0.71341 to $0.71334 upon release of the NBS figures that preceded the Caixin number.

In September, the Caixin Manufacturing PMI slipped from 53.1 to 53.0. Economists had forecast a PMI of 53.1.

According to the September survey,

The Aussie Dollar moved from $0.71369 to $0.71381 upon release of the PMI.

Building approvals and private sector credit figures were in focus.

With geopolitics and private sector PMI numbers out of China, however, the stats had a muted impact on the Aussie Dollar.

Building approvals fell by 1.6%, while private sector credit stalled in August.

The Aussie Dollar moved from $0.71449 to $0.71369 upon release of the figures that preceded Chinas Caixin survey numbers. At the time of writing, the Aussie Dollar was up by 0.08% to $0.7136.

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Economic Data, Brexit, and the US Presidential Debate to Keep the Markets Busy - FX Empire