Home loans data for Australia in July coming up Friday & September, due at 0130GMT
As I posted earlier in comments from CA its not really the domestic data that is having too much impact on AUD: On the AUD: "RBA on hold, external factors ... the main driver"
This data preview via Westpac:
- Australian housing finance approvals softened notably in June, with the number of owner occupier loans declining 1.1% vs and the value of investor loans down 2.7%. The decline is consistent with other market indicators showing a material slowdown in activity through May-July.
- Industry data covering the major banks suggests July was more settled. However, other indicators tracking wider mortgage activity suggest flows continued to soften in the month. Overall we expect owner occupier finance approvals to be down 0.5%. The value of investor loans will again be of interest given the wider market has continued to slow materially through July-Aug
