(I posted these to Twitter as they came out … be sure to be following @ForexLive!)

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Australian housing finance for May

Home loans flat at 0.0% m/m

  • expected is -0.5%, -0.2%, revised from prior was 0.0%

Investment lending -0.9% m/m,

  • prior was +1.3%, revised from +2.3%

Owner-occupied loan value -0.7% m/m,

  • prior was +1.3%, revised from +1.4%

Construction of dwellings +0.9% m/m and + 16.2% y/y – strong growth here

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Note, the ‘headline” Home loans figure is better than expected, the prior month results have been revised down

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AUD off about 5 points or so