By
Forexpros |
Economic Indicators News | Sep 08, 2010 06:55AM GMT |
Forex Pros – The number of Australian new home loan approvals rose more-than-expected in July, official data showed on Wednesday.
In a report the Australian Bureau of Statistics said the number of home loans granted rose by a seasonally adjusted 1.7% in July, after falling 3.2% in June, whose figure was revised down from 3.9%.
Analysts had expected the number of home loans granted to rise 1.1% in July.
The report said that the total value of loans increased 0.7% to AUD 20.8 billion in July.
Following the release of the data, the Australian dollar was up against its U.S. counterpart, with
AUD/USD gaining 0.51% to hit 0.9152.
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