The Australian dollar closed with a decline
The Australian dollar on Monday closed trading with a decrease, despite the fact that the number of building permits in Australia rose more in November than expected.At 05.25 GMT, the pair AUD / USD was trading at 0.7310 against 0.7335 at the same time on Friday. A pair of New Zealand dollar / US dollar was trading at 0.6958 against 0.7023 late Friday.
Feed Australian economic data this week is reactivated - Tuesday is scheduled for release November retail sales data, which should be an important indicator of consumer welfare, said in J.P. Morgan.
In October, retail sales rose more than expected at + 0.5%, mainly due to food sales. According to analysts J.P. Morgan, require more substantial evidence of stabilization in the economy, to talk about the resumption of growth in line with the trend, as the results of surveys companies still look weak.
Published on Monday, data showed that the number of building permits in Australia rose by 7% in November compared with October, but still remained significantly below last year's peak, ANZ economists noted. The market had expected permits growth at 4.5%.
Housing construction in recent years remained one of the few strengths of the Australian economy, which suffered from a fall in mining investment.
Economists believe that the cost of bank cards in New Zealand had to recover at the end of last year after falling in November, especially in view of the still very strong inflows of migrants and tourists. Data on bank transactions will be published on Friday.
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