Aussie goes down in Asia
On Tuesday, the Australian dollar sagged because the country’s major bank held steady just as expected, though cited worries over a strong currency as well as building and housing data, showed an ongoing negative trend though above expectations.
The currency pair AUD/USD was worth 0.7665, sinking 0.17%, while USD/JPY traded at 102.13, rising 0.48% because the Bank of Japan issued Tankan poll results. As for GBP/USD, this currency pair traded at 1.2835, tumbling 0.01%.
Besides this, in Australia, building approvals for August sagged 1.8%, which is less than the 7.0% descend observed month-on-month, while private house approvals fell 1.3%, compared with a revised upward 0.1% drop last month.
Earlier, in New Zealand, the NZIER business confidence poll for the third quarter was 26%, compared to the previous outcome of 19%, while capacity utilization turned to be 92.5%.
The currency pair NZD/USD was worth 0.7290, rising 0.18% after the poll was published.