Australia June Home Loans: -1.1% m/m (vs. expected 0.0%)

Australia Housing finance data for June

Home Loans -1.1% m/m for a miss

• expected flat on the month, prior +1.1%
• For the y/y -8.4%

Investment lending for housing -2.7% m/m

• prior -0.1% m/m

Owner occupied -1.0% m/m

• prev +0.7%

AUD not doing too much at all on the data, up a few tics.

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For background to this:

• Australia Housing finance data June (home loans, investor lending) due today - preview

Still to come from Australia :

• AUD traders - heads up for Reserve Bank of Australia Governor Philip Lowe speech today