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FOREX - AUSTRALIAN DOLLAR LOWER AT NOON - DEC 8, 2004.
AsiaPulse News, December, 2004
SYDNEY, Dec 8 Asia Pulse - The Australian dollar was trading weaker to noon after soft investor housing data produced some local currency selling.
At 1200 AEDT the local unit was trading at $US0.7727/30 compared to 0.7769/74 at yesterday's close.
During the morning session the Australian dollar touched a low of $US0.7725 just after the data was released from a mid-morning high of 0.7757.
The dollar fell after the Australian Bureau of Statistics said housing finance commitments for owner occupied housing fell 0.2 per cent in October, seasonally adjusted, to 49,375.
Total housing finance by value fell 3.1 per cent in October, seasonally adjusted, to $15.234 billion.
"The market hasn't reacted to the data, largely because the...
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