Dollar dips as housing finance disappoints.
from MoneyTrading.com.au
The Australian dollar was lower today after the release of worse-than-expected housing finance figures.
At midday, the Australian dollar was trading at 92.7 US cents, down from yesterday’s close of 93.11 US cents. Australian housing finance commitments for owner-occupied housing fell 5.6 per cent in November. Economists had expected the number of owner-occupier housing finance commitments to have fallen by 0.5 per cent in November.
The Australian dollar was lower today after the release of worse-than-expected housing finance figures.
At midday, the Australian dollar was trading at 92.7 US cents, down from yesterday’s close of 93.11 US cents. Australian housing finance commitments for owner-occupied housing fell 5.6 per cent in November. Economists had expected the number of owner-occupier housing finance commitments to have fallen by 0.5 per cent in November.
posted by Money Trading at
1:31 PM
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