Aussie settles lower versus greenback following disappointing housing data

Economies.com
2019-01-21 02:54AM UTC

Australian dollar tilted lower in Asian trade away from December 13 highs for the fourth session out of six against its US counterpart, following earlier disappointing data from Australia while the US markets shuts down for the Martin Luther King holiday. 

 

As of 02:41 GMT, AUD/USD inched 0.03% lower to 0.7166, with an intraday low at 0.7150, and a high at 0.7188. 

 

Earlier Australian data showed new home sales fell 6.7% in December, compared to a 3.6% increase in November, marking the worst performance since June 2017. 

 

From China, the economy grew just 6.4% y/y, the lowest such rate since 2009, and down from 6.5% in the previous quarter. 

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