Fundamental Headlines
• NZDUSD - A 5.8 percent rebound in building permits suggests that the housing market will continue to be a point of contention in policy making and could help keep the overnight lending rate at its highs.• NZDUSD - The island nation’s Current account deficit’s ratio to growth figure unexpectedly fell from 8.5 percent in the first quarter to 8.2 percent on bouyant growth trends.• NZDUSD - Despite an appreaciating kiwi and credit market problems, business confidence rises to -26.5 from -33.8.• GBPUSD - Annual Nationwide house price index reading beats expectations with a 9.0 percent pace, but decelerates from previous months, following the overall trend across residential inflation gauges.• EURUSD - German ILO jobless rate hits 15 year low 6.1% in August, while the FLO’s unemployment gauge unexpectedly drops to a 14-year low 8.8 percent on a sharp 50,000 person drop in unemployment claims.• GBPUSD - CBI retail sales crosses the wires at +12, the lowest reading since last November. • Australian Dollar Nears 18-Year High After Recovering Most of August Slide - Bloomberg• Wheat Reaches Record as Ukraine Limits Exports After Drought - Bloomberg• JGBs stumble as BOJ's Suda stirs rate rise fears - Reuters• Banks Borrow 3.9 Billion Euros at ECB's Penalty 5 Percent Rate - BloombergWritten By: John Kicklighter, Currency Analyst For DailyFX.com