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AUD/USD Daily Forecast – 25 September

Friday, Sep 22 2017
AUD/USD Daily Forecast – 25 September

There were no data releases from Australia on Friday. An analysis of Australian census data by the City Futures Research Centre found more than one in 10 homes unoccupied on the night of the count last year, with empty properties having risen 19 percent in Melbourne and 15 percent in Sydney since the last census five years previously.

Foreigners, mainly from China, purchased 25 percent and 16 percent of the new housing supply in New South Wales and Victoria, respectively, in the year through September 2016, according to a Credit Suisse Group AG examination of state tax receipts. Melbourne’s tax of 1 percent of an empty home’s value takes effect in January, adding to a nationwide tax imposed in May that starts at A$5,500 ($4,400) and scales sharply upward for properties worth more than A$1 million.

 

There will be no major data releases both from Australia and USA on Monday so we can expect a bit steadier session.

More in this category: « EUR/USD Daily Forecast – 22 September GBP/USD Daily Forecast – 25 September »

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