Australian housing finance data for May
Home loans -1.0% m/m
- Expected -2.0%, prior +1.4% (revised from +1.7%)
Investment lending, +3.9% m/m
- prior -4.3%, revised from -5.0%
Owner occupied, -0.6% m/m
- Prior -0.2%, revised from +0.1%
Not a lot of response from the currency, down a few pips and near session lows as I update