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New Motor Vehicle Sales decreased by 1.5%

Monday, Feb 16 2015
The January 2015 seasonally adjusted estimate for New Motor Vehicle Sales  has decreased by 1.5% when compared with December 2014. This followed 3% raise in December.
 
When comparing seasonally adjusted estimates for January 2015 with December 2014, all vehicle categories recorded a decrease in sales. Other vehicles recorded the largest decrease (3.1%) while sales for Passenger and Sports utility vehicles decreased by 0.6% and 1.6% respectively.
 
Data did not have any major impact on the markets with Aussie currently being traded around 0.7770 area. Pair is likely to find support around 0.7720 and resistance above 0.78 handle. We can expect steadier rest of the session since US banks are being closed in observance of President's Day holiday.
 
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