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Australian Building Consents lower

Written by Sam Coxhead on January 6th, 2011.      0 comments

11:55 AM (AEST) Australian Building Consents just released saw a number of -4.2% for the month of November against a market expectation of -3.6%. October was also revised lower to +8.3% from the first read of 9.3%. Little market reaction to this volatile number, but certainly worth noting as more focus comes on the Australian economic fundamentals this year.

In Asian markets the see equities a little perky which is giving the growth trades a little sparkle. Rumours are of a large option expiry at 4pm EST tomorrow in the EUR at 1.3125, so expect that level to remain defended for the being which may halt the resurgent USD's in these thin markets.
    Last 24 hours trade
  Current level Low  High
NZD/USD 0.7593 0.7558 0.7681
AUD/USD 0.9997 0.9956 1.0076
NZD/AUD 0.7595 0.7556 0.7646
AUD/NZD 1.3166 1.3078 1.3235
NZD/GBP 0.4895 0.4872 0.4924
NZD/EUR 0.5771 0.5741 0.5793
NZD/JPY 63.27 62.48 63.48
NZD/CAD 0.7563 0.7528 0.7661
 

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