Australia October home loans +2.2% m/m (expected -0.4%)

Data from Australia on housing finance comes in at a headline beat for the month

Home loans +2.2% m/m

• expected -0.4%, prior was -1.0%

Investment lending +0.6% m/m

• prior was -2.8%

Owner-occupied loan value +3.5% m/m

• prior was -4.2%

A better data point, against a recent background of data that has been mixed indeed. The AUD should get a bit of a positive input from this, not that this is a big market mover.

AUD/USD opened lower on Monday (compared with Friday's late US level) but has gone a wee bit quiet circa 0.7190.