AUD Dwelling Starts

Summary:

Numbers released yesterday on Australian Dwelling Start numbers came in at -.8% when the markets were expecting +4.5%.

Take Away Point:

This is the number of construction starts on new homes in the past month. Increased spending would indicate expensive items such as new homes reflect consumer optimism towards the economy. We saw the opposite of in the released numbers. The headline number is the percentage change in Dwelling Starts from the previous month's figure.

GBP ILO Unemployment Rate (3M)

Summary:

The unemployment tate released yesterday for the UK on came in line with market expectations at 7.8%.

Take Away Point:

The percentage of persons willing to work and actively seeking employment but who are without jobs. A lower Unemployment Rate would mean more income-earning workers and greater consumption.

NZD Reserve Bank of New Zealand Rate Decision

Summary:

The interest rate decision released yesterday for New Zealand came in line with market expectations of 3%.

Take Away Point:

There was no change in New Zealand’s central interest rate. The intentions of the RBNZ monetary policy are clear, thus the result is usually foreseen in advance. The decision aligns with the Reserve Bank of New Zealand 's monetary policy to spur or slow economic growth or affect the exchange rate. The RBNZ maintains an inflationary target of 1-3 percent.


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