It was a busy day on the Asian economic calendar this morning. Key stats included building consent and business confidence figures out of New Zealand and trade data out of China. For the Kiwi Dollar The NZIER Quarterly Survey of Business Survey (QSBO) showed that a net 21% of businesses expect a deterioration in general economic conditions over the coming year. In the 3rd quarter, a net 40% of businesses had expected a deterioration. In the 4th quarter, a net 20% of manufacturers expect worsening economic conditions, improving from 52% in the 3rd Across the services sector, a net 26% of firms expected deterioration ... (full story)