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Earlier in the Day:

It’s was a busy start to the day on the economic calendar this morning. The Japanese Yen, the Aussie Dollar, and the Kiwi Dollar were in action. There was also economic data from China to consider.

For the Japanese Yen

Industrial production and retail sales were in focus.

According to prelim figures, industrial production jumped by 8% in July, following on from a 1.9% increase in June. Economists had forecast a 5.8% rise.

According to the Ministry of Economy, Trade and Industry, retail sales fell by 2.8%, partially reversing a 3.9% rise from June. Economists had forecast a 1.7% decline.

The Japanese Yen moved from ¥105.512 to ¥105.334 upon release of the figures. At the time of writing, the Japanese Yen was down by 0.17% ¥105.55 against the U.S Dollar

Out of China

NBS private sector PMIs for August were in focus in the early part of the day.

The manufacturing PMI slipped from 51.1 to 51.0, while the non-manufacturing PMI rose from 54.2 to 55.2.

The Aussie Dollar moved from $0.73559 to $0.73520 upon release of the figures.

For the Kiwi Dollar

The ANZ Business Confidence Index fell from -31.8% to -42.4% in August. In July, the index had risen from -34.4% to -31.8%.

According to the latest ANZ Report,

• Also in decline was the own activity indicator that slipped by 8 points to -17%

• A net 15% of firms also expect to reduce investment, with a net 32% expecting lower profits.

• On the positive was capacity utilization, with the indicator rising by 5 points to -3%.

• Near-term employment intentions fell by 6 points to a net 21% of firms expecting to cut jobs.

The Kiwi Dollar moved from $0.67371 to $0.67333 upon release of the figures. At the time of writing, the Kiwi Dollar was down by 0.07% to $0.6738.

For the Aussie Dollar

Company gross operating profits and private sector credit figures were in focus.

In the 2^nd quarter, company gross operating profits jumped by 15%. In the 1^st quarter, profits had risen by 1.1%. Economists had forecast a 7.5% slide.

In July, private sector credit fell by 0.1% in July, following a 0.2% decline in June.

According to the RBA,

• Housing credit rose by a further 0.2%, following a 0.2% increase in June.

• Personal credit slumped by 1.8%, however, falling a 0.8% decline in June.

• Business credit fell by 0.6%, following a 0.8% decline in June.

The Aussie Dollar moved from $0.73538 to $0.73592 upon release of the figures. At the time of writing, the Aussie Dollar was up by 0.04% to $0.7368.

The Day Ahead:

For the EUR

It’s a relatively busy day ahead on the economic calendar. Key stats include August’s prelim inflation figures for Germany, Italy, and Spain.