AUD falls sharply to decline new House Aprrovals, EUR strengthened against the USD

The Australian dollar has suffered sharp losses in early trading. These were caused by the published figures for new House Approvals in Australia. These have far undercut the forecasts. The forecasts were still of an increase in new permits by 2.3% following a decline of 4.3% in the last calculation period, the latest figures showed a decline of 6.9%. As a result the AUD was strong in all of its currency pairs to, in part be noticeably higher than 1%. The pair AUD / USD is currently showing a loss of 1.28% at a price of 0.9089. The EUR was up against the AUD by 1.47% and the rate is currently at 1.4621.



The EUR was up against the U.S. dollar today. The reasons for this are probably mainly in the figures of the german economy. The german GfK Consumer Climate and the german CPI rose more than expected. The pair EUR / USD with gained 0.16% on actual rate of 1.3284

For the USD, the market is still dominated by a wait-and-see attitude of investors, before the FOMC meeting begins today.