Earlier in the Day:
It was relatively busy start to the day on the economic calendar this morning. The Kiwi Dollar and the Japanese Yen were in action this morning.
For the Kiwi Dollar
Trade figures were in focus in the early hours.
In August, New Zealand’s trade deficit widened from NZ$397m to NZ$2,144m. Year-on-year, the deficit widened from NZ$1,100m to NZ$2,940m.
According to NZ Stats,
- Imports rose by NZ$1.08bn, compared with August 2020, leading to a record monthly trade deficit.
- Exports were little changed, falling by NZ$42m.
- Vehicles, parts, & accessories imports were up NZ$415m, with mechanical machinery & equipment up NZ$223m.
- Petroleum & petrol product imports increased by NZ$207m.
The Kiwi Dollar moved from $0.70713 to $0.70704 upon release of the figures. At the time of writing, the Kiwi Dollar was up by 0.11% to $0.7077.
For the Japanese Yen
In August, core consumer prices remained unchanged in August,…