- June 30, 2021
- Posted by: Stratford Team
- Category: Economy
Earlier in the Day:
It is a busy start to the day on the economic calendar this morning. The Japanese Yen, Kiwi Dollar, and the Aussie Dollar were all in action, with stats from China also in focus in the early hours.
For the Japanese Yen
Prelim industrial production figures for May were in focus
According to the Ministry of Economy, Trade and Industry, tumbled by 5.9%, reversing a 2.9% increase from April. Economists had forecast a 2.4% decline.
Industries that mainly contributed to the decrease were: Motor vehicles, production machinery, and electrical machinery, and information and communication electronics equipment.
Industries that mainly contributed to the increase were: Transport equipment (excl. motor vehicles) and inorganic and organic chemicals.
The Japanese Yen moved from ¥110.545 to ¥110.528 upon release of the figures. At the time of writing, the Japanese Yen was up by 0.04% to ¥110.490 against the U.S Dollar.
Out of China
In June, the NBS…