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:: Australian Dollar: Yesterday's announcement of a steep decline in housing finance caught the market by surprise somewhat triggering a drop in the Aussie dollar to an intraday low of 0.9130. Any positive effect from the increase in consumer confidence as measured by a monthly Westpac survey was offset by the news that lending in the Australian property sector fell by 7.9% in January, the largest monthly fall in a decade and the second successive drop with December having also dropped by 5.1%. The Aussie dollar held however and found support during offshore exchange following higher than forecast German inflation data and optimism heading into today's Australian employment report with general market consensus pointing to the unemployment rate remaining at 5.3% and around 15k jobs to be added for the month of February. With a positive number expected the Aussie dollar is at risk of pulling back from this morning's open around 0.9150 and should the numbers disappoint initial support around 0.9130 is likely to be tested.
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