AUD News

The total number of owner-occupied home loans in Australia was up a seasonally adjusted 1.0 percent in October compared to the previous month, the Australian Bureau of Statistics said on Tuesday - standing at 52,305.

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An index monitoring business confidence in Australia saw a score of +5 in November, the latest survey from National Australia Bank revealed on Tuesday.

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Australia saw a seasonally adjusted unemployment rate of 5.8 percent in November, the Australian Bureau of Statistics said on Thursday.

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The total number of new motor vehicle sales in Australia was up a seasonally adjusted 1.8 percent in November compared to the previous month, the Australian Bureau of Statistics said on Tuesday - standing at 94,978.

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The Australian government projects the country's budget deficit to widen to A$47 billion in 2013-14, more than previously forecast, as weaker economic prospects weighed on the country's public finances, according to the mid-year Economic and Fiscal Outlook report published by the Treasury on Tuesday. This is a substantial deterioration from the A$30.1 billion deficit forecast in August.

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AUD/USD weekly outlook: December 23 - 27

Monday, December 23

The U.S. is to produce government data on personal spending and expenditure, while the University of Michigan is to release revised data on consumer sentiment and inflation expectations.

Tuesday, December 24

The U.S. is to release data on durable goods orders, a leading indicator of production, as well as a report on new home sales.

Wednesday, December 25

Markets in Australia and the U.S. will remain closed for the Christmas Day holiday.

Thursday, December 26

Markets in Australia will remain closed in observance of Boxing Day.

Meanwhile, the U.S. is to release weekly data on initial jobless claims.

Friday, December 27

The U.S. is to round up the week with a report on crude oil supplies.

Overall private sector credit in Australia was up a seasonally adjusted 0.3 percent in November compared to the previous month, the Reserve Bank of Australia said on Tuesday.

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An index measuring the services sector in Australia came in with a score of 46.1 in December, the latest survey results from the Australia Industry Group revealed on Monday - down from 48.9 in November.

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Australia's external trade in goods and services resulted in a smaller-than-expected deficit in November amid a decline in imports, a report from the Australian Bureau of Statistics revealed Tuesday. The country's trade in goods and services showed a deficit of A$118 million in November, less than a revised A$358 million deficit in October and A$300 million shortfall expected.

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An index measuring activity in Australia's construction sector saw a seasonally adjusted score of 50.8 in December, the latest survey from the Australia Industry Group revealed on Wednesday in its Performance of Construction Index - expanding for the third consecutive month.

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