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30 Jul 2014
Asia Recap: Pause ahead of US GDP/FOMC
FXStreet (Bali) - There was no moves to report in the FX market, with traders sidelined ahead of the US GDP and FOMC releases.
In the fundamental front, New Zealand June building consents came at +3.5% m/m vs 1% exp, while Finance Minister Mr. English, speaking to Parliament, said that the Kiwi may be lower over the next economic cycle.
In Japan, a big miss in industrial production for June (preliminary) was seen, coming at -3.3% m/m vs -1.1% exp., with one Japanese official noting that the decline in the last few months in this particular indicator resembles pre-conditions of Japan's last economic recession.
In China, the Westpac MNI China consumer sentiment index for July came at 114.8 vs 112.6 last.
In the fundamental front, New Zealand June building consents came at +3.5% m/m vs 1% exp, while Finance Minister Mr. English, speaking to Parliament, said that the Kiwi may be lower over the next economic cycle.
In Japan, a big miss in industrial production for June (preliminary) was seen, coming at -3.3% m/m vs -1.1% exp., with one Japanese official noting that the decline in the last few months in this particular indicator resembles pre-conditions of Japan's last economic recession.
In China, the Westpac MNI China consumer sentiment index for July came at 114.8 vs 112.6 last.