Aussie goes up, Kiwi sags on mixed data

Aussie goes up, Kiwi sags on mixed data

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.



ECB Meeting

Traders are impatiently waiting for the European Central Bank’s meeting on October 26…


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