The Australian Dollar was lower against the U.S. Dollar on Tuesday after the release of U.S. data on Building Permits.
AUD/USD was trading at 0.9694, down 1.97% at time of writing.
The pair was likely to find support at 0.9663, today’s low, and resistance at 1.0003, Friday’s high.
Earlier in the day, official data showed that the building permits issued fell unexpectedly to a seasonally adjusted 0.54M last month, from 0.57M in the preceding month.
Analysts had expected the number of building permits issued to rise to 0.58M last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.61% to hit 1.4177 and AUD/JPY falling 1.68% to hit 79.02.
AUD/USD was trading at 0.9694, down 1.97% at time of writing.
The pair was likely to find support at 0.9663, today’s low, and resistance at 1.0003, Friday’s high.
Earlier in the day, official data showed that the building permits issued fell unexpectedly to a seasonally adjusted 0.54M last month, from 0.57M in the preceding month.
Analysts had expected the number of building permits issued to rise to 0.58M last month.
Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.61% to hit 1.4177 and AUD/JPY falling 1.68% to hit 79.02.