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Market Moving News: AUD/USD - Jul 8

08 Jul, 2008 @ 08:40 pm EST
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Aud/usd - 0.9499...Aussie has fallen below 0.9503 (y'day's low) after housing finance data came in much weaker-than-expected n showed a decline of 6.8% (investment housing finance) n 7.9% (owner-occupied housing finance) in May. The Westpac consumer confidence survey released earlier also fell by 6.7% to its lowest in 16 years. Bids at 0.9500 have been absorbed n stops at 0.9480 are in focus. On the upside, fresh offers are lined up at 0.9550/60...

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