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Australian Dollar Mixed After Poor Housing Data

May 11, 2018 at 14:08 by Vladimir Vyun

Australian dollar billsThe housing report released in Australia today was very poor and missed already pessimistic expectations. Yet the Australian dollar was mixed, falling against some rivals, but managing to etch gains versus others.

The Australian Bureau of Statistics reported that the seasonally adjusted number of home loans dropped by 2.2% in March following the 0.2% fall in February. Analysts had predicted a bit smaller drop by 1.9%.

AUD/USD was up from 0.7533 to 0.7557 as of 14:01 GMT today. EUR/AUD slid from 1.5814 to 1.5775 intraday, touching the lowest level since April 13, but was able to rebound to 1.5829 later.

If you have any questions, comments, or opinions regarding the Australian Dollar, feel free to post them using the commentary form below.

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