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.
