By: Ed Thomas
Fell 5.6% in July m/m (prior 2.8% ) Just a reminder that housing construction remains one of the weakest sectors of the economy . Still, recent data on approvals to build new homes showed a revival in May and June which should flow through to construction and sales later in the year . AUD/USD trading near session lows at 1.0350/55.
Fell 5.6% in July m/m (prior 2.8% ) Just a reminder that housing construction remains one of the weakest sectors of the economy . Still, recent data on approvals to build new homes showed a revival in May and June which should flow through to construction and sales later in the year . AUD/USD trading near session lows at 1.0350/55.
