Aussie Trade Balance and Q2 House Prices
Written August 3, 2010 at 9:45 PM EST by Alex Chernomordin
A much better than expected Trade Balance out of Australia for the second straight month has moved the AUD/USD pair off session lows and revitalized the bid on risk after another round of poor readings out of the US earlier. The House Price Index also improved on the quarter.
- Trade Balance - Survey:1800M Actual:3539M Prior:1645M
- House Prices (QoQ) - Survey:2.0% Actual:3.1% Prior:4.8%
- House Prices (YoY) - Survey:17.2% Actual:18.4% Prior:20.0%
On the 5-min AUD chart today we see the pair found support at the 61.8% from the move in the NY morning but has only found its way back to levels from earlier in the Asian morning.
