Australian data: Nov. Home loans: +1.8% m/m (vs. expected -0.5%)

Australian housing finance data for November.

Home loans +1.8% m/m,

• expected -0.5%, prior was -0.3%, revised from -0.5%

Investment lending +0.7% m/m,

• prior was -5.8%, revised from -6.1%

Owner-occupied loan value +2.4% m/m,

• prior was +0.4%

Stronger than was expected but the FX impact is minimal, AUD/USD up a tic or so

more to come