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China Has $31.6 Billion Trade Surplus



China posted a merchandise trade surplus of $31.6 billion in June, the customs office said on Thursday. That missed forecasts for a surplus of $36.95 billion, and was down from $35.92 billion in May. Exports were up 7.2 percent on year - also missing expectations for 10.4 percent but up from 7.0 percent in the previous month. Imports gained an annual 5.5 percent versus forecasts for 6.0 percent following the 1.6 percent decline a month earlier.


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Australian Housing Loans Unchanged In May



The number home loans in Australia remained unchanged in May, figures from the Australian Bureau of Statistics showed Friday. The total number of home loans for owner occupied housing came in at a seasonally adjusted 52,092 in May, remaining roughly unchanged month-over-month. Previously, the figure had declined a revised 0.2 percent in April. This was higher than the consensus estimate for a 0.5 percent decline in home loans. The value of loans for owner occupied housing declined 0.7 percent month-on-month in May, following the 1.3 percent increase in April. The value of total dwelling loans dropped 0.8 percent and the value of investment housing loans fell 0.9 percent in May.

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New Zealand House Prices Fall In June



New Zealand's house prices index declined percent in June, data from the Real Estate Institute of New Zealand, or REINZ, showed Monday. The REINZ housing price Index dropped 0.3 percent month-over-month to 3,913.3 in June. Prices in Christchurch and Wellington fell 1.9 percent and 4.3 percent, respectively, in June. Meanwhile, prices in Auckland rose 1.6 percent. Annually, the REINZ housing price index rose 6.2 percent in June. The number of dwellings sold decreased 12.3 percent month-on-month and 6.1 percent year-on-year in June.

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Yen Falls Slightly After BOJ Rate Decision



As expected, the Bank of Japan maintained target for monetary base expansion at an annual pace of 60-70 trillion yen. Following the announcement, the yen fell slightly against other major currencies. The yen was trading at 101.61 against the greenback, 138.36 against the euro, 173.57 against the pound and 113.88 against the franc around 11.10.

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U.S. Dollar Slides Against Euro, Yen




The U.S. dollar weakened against the euro and the yen in the Asian session on Monday. Against the euro, the U.S. dollar fell to a 4-day low of 1.3537, from an early high of 1.3522. The greenback slipped to 101.21 against the yen, from an early high of 101.37. If the greenback extends its decline, it is likely to find the support around 1.36 against the euro and 100.97 against the yen.

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Taiwan Unemployment Falls Unexpectedly In June



Taiwan's unemployment rate decreased slightly in June, defying economist estimates for a rise, as the number of unemployed edged down, a government report showed on Tuesday. The jobless rate came in at 3.97 percent in June, marginally less than the 3.99 percent in May. Economists expected the rate to increase to 4 percent. The number of unemployed people fell to 457,000 in June from 460,000 in May. Meanwhile, the number of employed people remained at 11.07 million in June, the same as in May. The participation rate dropped further in June to 58.51 percent in June from 58.55 percent in May.


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Malaysian Ringgit Rises To Nearly 2-week High Against U.S. Dollar



The Malaysian ringgit strengthened against the U.S. dollar in the Asian session on Wednesday. Against the greenback, the ringgit rose to nearly a 2-week high of 3.1687. At yesterday's close, the ringgit was trading at 3.1765 against the greenback. If the ringgit extends its uptrend, it is likely to find resistance around the 3.15 area.

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China Industrial Profit Growth Quickens In June



Profits of Chinese industrial firms increased at an accelerated pace in June, a report from the National Bureau of Statistics showed Sunday. Industrial profit rose 17.9 percent year-over-year in June, following the 9 percent increase in May. Total industrial profit in the January to June period rose 11.4 percent compared to the corresponding period of the previous year. For the January to May period, profits had increased 9.8 percent.


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Japan Has 3.7% Unemployment Rate In June




The unemployment rate in Japan came in at a seasonally adjusted 3.7 percent in June, the Ministry of Internal Affairs and Communications said on Tuesday. That missed forecasts for 3.5 percent, which would have been unchanged from the May reading. The job-to-applicant ratio was 1.10 - exceeding expectations for 1.09, which also would have been unchanged. The participation rate was steady at 59.9 percent.

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New Zealand Money Supply Rises At Faster Rate In June




New Zealand's money supply increased at a faster pace in June, figures from the Reserve Bank of New Zealand showed Thursday. M3 money supply, the broadest measure of money supply, rose 5.4 percent year-on-year to NZ$272.5 billion in June. This follows a 5.2 percent rise in May. M3 resident aggregate money supply, measuring New Zealand dollar funding from the country's residents only, increased 7.2 percent in June following the 6.4 percent growth in the previous month.

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