Home Loans rose by 2.7%

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Wednesday, Feb 11 2015

Home Loans rose by 2.7%, in seasonally adjusted terms, in December, beating market expectations on 2.3% increase. In seasonally adjusted terms, the total value of dwelling finance commitments excluding alterations and additions rose 4.7%.

The trend estimate for the total value of dwelling finance commitments excluding alterations and additions rose 1.0%. Investment housing commitments rose 1.2% and owner occupied housing commitments rose 0.9%.

Data did not have major impact on the markets, with Aussie currently being traded around 0.7780 area. Pair is likely to find support around 0.7750 and resistance above 0.7820 level. There will be no data releases in the US session so we can expect steadier rest of the session.

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