Investing.com - The number of new home loans granted in Australia fell more-than-expected in January, declining for the first time in nine months, official data showed on Tuesday.
In a report, Australian Bureau of Statistics said that Australian home loans fell by a seasonally adjusted 1.2%, compared to expectations for a modest 0.1% decline.
Home loan approvals for December were revised down to a 2.1% increase from a previously reported 2.3% gain.
Following the release of the data, the Australian dollar was higher against its U.S. counterpart, with AUD/USD gaining 0.32% to trade at 1.0550.
In a report, Australian Bureau of Statistics said that Australian home loans fell by a seasonally adjusted 1.2%, compared to expectations for a modest 0.1% decline.
Home loan approvals for December were revised down to a 2.1% increase from a previously reported 2.3% gain.
Following the release of the data, the Australian dollar was higher against its U.S. counterpart, with AUD/USD gaining 0.32% to trade at 1.0550.