Earlier in the Day:
It was another busy start to the day on the economic calendar this morning. The Aussie Dollar, Kiwi Dollar, and the Japanese Yen were in action this morning.
For the Kiwi Dollar
GDP numbers were in focus in the early hours.
In the 2nd quarter, the New Zealand economy expanded by 2.8% versus a forecasted 1.3%. The economy had expanded by 1.4% in the previous quarter.
According to NZ Stats,
- Services industries led the way, with retail trade and accommodation the largest contributor to growth.
- Air transport and transport support services also delivered support.
- Household consumption expenditure fell by 1.4%, however, due to a 1.9% decline in household spending on services.
The Kiwi Dollar moved from $0.71253 to $0.71334 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.23% to $0.7122.
For the Aussie Dollar
Employment figures were key this morning.
In August, full employment fell by…