For the Kiwi Dollar<\/p>\n
Building consents and business confidence figures were in focus.<\/p>\n
In August, building consents rose by 0.3%, partially reversing a 4.6% slide from July.<\/p>\n
The Kiwi Dollar moved from $0.65820 to $0.65853 upon release of the figures that preceded business confidence figures.<\/p>\n
Of greater significance, however, was business confidence in September.<\/p>\n
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.<\/p>\n
According to the latest ANZ Report,<\/p>\n
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.<\/p>\n
Industrial production and retail sales figures were in focus.<\/p>\n
In August, industrial production rose by 1.7%, following an 8.7% jump in July. Economists had forecast a 1.5% rise.<\/p>\n
According to the Ministry of Economy, Trade, and Industry,<\/p>\n
Industries that mainly contributed to the increase were:<\/p>\n
Industries that mainly contributed to the decrease were:<\/p>\n
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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
It was a particularly busy morning. Key stats included Septembers NBS private sector PMIs and the markets favored Caixin Manufacturing PMI.<\/p>\n
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.<\/p>\n
The Aussie Dollar moved from $0.71341 to $0.71334 upon release of the NBS figures that preceded the Caixin number.<\/p>\n
In September, the Caixin Manufacturing PMI slipped from 53.1 to 53.0. Economists had forecast a PMI of 53.1.<\/p>\n
According to the September survey,<\/p>\n
The Aussie Dollar moved from $0.71369 to $0.71381 upon release of the PMI.<\/p>\n
Building approvals and private sector credit figures were in focus.<\/p>\n
With geopolitics and private sector PMI numbers out of China, however, the stats had a muted impact on the Aussie Dollar.<\/p>\n
Building approvals fell by 1.6%, while private sector credit stalled in August.<\/p>\n
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.<\/p>\n
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Economic Data, Brexit, and the US Presidential Debate to Keep the Markets Busy - FX Empire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" 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 Continue reading