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On Thursday, the Australian dollar managed to grow versus its US rival after the publication of upbeat Australian housing sector data. At the same time the New Zealand dollar sagged reacting to a gloomy business confidence report.
The currency pair AUD/USD gained 0.18% demonstrating 0.7584, which is off last session's one-week minimum of 0.7552.
The Australian Bureau of Statistics informed that in October building approvals added 0.9%, thus ruining hopes for a 1.8% dip.
According to a separate report, Australia's private capital expenditure went up by 1.0% during the third quarter, which is in line with investors’ hopes.
The currency pair NZD/USD edged down 0.46% demonstrating 0.6851, which is the lowest reading since November 22.
Thursday’s data also revealed that in November New Zealand's ANZ Business Confidence index dived to an eight-year minimum of -39.3 from -10.1 last month.
Market sentiment on the US currency was still fragile ahead of an important vote on tax reform in the United States.
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