AUD News

The total number of building permits issued in Australia slipped a seasonally adjusted 5.6 percent on month in May, the Australian Bureau of Statistics said on Monday - coming in at 16,448.

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The service sector in Australia continued to expand in June, and at a faster rate, the latest survey from the Australian Industry Group showed on Wednesday with a Performance of Service Index score of 54.8.

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The construction sector in Australia continued to expand in June, albeit at a slightly slower pace, the latest survey from the Australian Industry Group showed on Friday with a Performance of Construction Index score of 56.0.

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The total number of home loans in Australia gained a seasonally adjusted 1.0 percent on month in May, the Australian Bureau of Statistics said on Tuesday - standing at 54,061.

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Business confidence in Australia saw a marginal improvement in June, the latest survey from the National Australia Bank revealed on Tuesday with an index score of +9.

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A leading index for the Australian economy continued to show pessimism in June, and at a sharper rate, the latest survey from Westpac Bank revealed on Wednesday.

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Australia's interest rate need not increase automatically with the tightening of other central banks, Reserve Bank of Australia Deputy Governor Guy Debelle said Friday.

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Consumer prices in Australia were up 0.2 percent on quarter in the second quarter of 2017, the Australian Bureau of Statistics said on Wednesday.

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Under pressure by the top trend line of the price channel on its monthly chart, AUDUSD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as 0.7830 support holds, the sideways movement could be treated as consolidation of the uptrend from 0.7571. Another rise towards 0.8150 is still possible after the consolidation and a break out of 0.7989 resistance could signal resumption of the uptrend. On the downside, a breakdown below 0.7875 support could take price to the next support level at 0.7830, below this level will indicate that lengthier correction for the uptrend is underway, then the following correction pullback could bring price into 0.7750 zone.

Final demand producer prices in Australia climbed 0.5 percent on quarter in the second quarter of 2017, the Australian Bureau of Statistics said on Friday - unchanged from the previous three months.

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