Building consents had a relatively muted impact on the Kiwi Dollar this morning.
In July, consents rose by 2.10% month-on-month, following a 4.0% increase from June.
The ANZ Business Confidence Index fell from -3.8 to -14.2 in August. In spite of the decline, the Kiwi held on to early gains.
The Kiwi Dollar moved from $0.70225 to $0.70207 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.53% to $0.70326.
For the Japanese Yen
Industrial production was the key stat of the morning for the Yen. Production fell by 1.50% in July, versus a forecasted 2.5% slide. In June, production had jumped by 6.5%.
According to the Ministry of Economy, Trade and Industry,
Industries that mainly contributed to the decrease were in the following order:
- Motor vehicles.
- Electrical machinery, and information and communication electronics equipment.
- Inorganic and organic chemicals.
Industries that mainly contributed to the…