Investing.com – The Australian dollar was up against its U.S. counterpart on Wednesday, rising to a daily high after official data showed that Australian demand for mortgages rose even before last week's interest rate increase.
AUD/USD hit 1.0072 during European morning trade, the daily high; the pair subsequently consolidated at 1.0059, gaining 0.24%.
The pair was likely to find support at 0.9891, the low of November 3 and resistance at 1.0182, the high of November 4 and an all-time high.
Earlier in the day, the Australian Bureau of Statistics said 48,333 home loans were granted in September, a 1.3% increase, after rising by a revised 1.1% the previous month. Analysts had expected home loans to remain unchanged in September.
First time home buyers continued to take-up only a small share of home loans, making up just 15.9% of those granted in September, and only just above the 15.5% six-year low reported in August.
The Aussie was also up against the euro, with EUR/AUD shedding 0.03% to hit 1.3721.
Later in the day, the U.S. was to release its weekly report on initial jobless claims. The data was being released one day earlier than usual due to a U.S. public holiday.
AUD/USD hit 1.0072 during European morning trade, the daily high; the pair subsequently consolidated at 1.0059, gaining 0.24%.
The pair was likely to find support at 0.9891, the low of November 3 and resistance at 1.0182, the high of November 4 and an all-time high.
Earlier in the day, the Australian Bureau of Statistics said 48,333 home loans were granted in September, a 1.3% increase, after rising by a revised 1.1% the previous month. Analysts had expected home loans to remain unchanged in September.
First time home buyers continued to take-up only a small share of home loans, making up just 15.9% of those granted in September, and only just above the 15.5% six-year low reported in August.
The Aussie was also up against the euro, with EUR/AUD shedding 0.03% to hit 1.3721.
Later in the day, the U.S. was to release its weekly report on initial jobless claims. The data was being released one day earlier than usual due to a U.S. public holiday.