Forexpros – The number of Australian new home loan approvals rose less-than-expected in July, official data showed on Tuesday.
In a report, the Australian Bureau of Statistics said the number of home loans granted rose by a seasonally adjusted 1.0% in July, falling short expectations for a 1.5% gain.
June’s figure was revised up to a 0.6% increase from a previously reported flat reading.
Following the release of the data, the Australian dollar was down against its U.S. counterpart, with AUD/USD shedding 0.26% to hit 1.0523.
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