The pair fell to a fresh 2014 low of $0.8480 last night, also its lowest in about 4 years, before it recovered into the US close last night and started this morning’s session at $0.8548. Early dealings were muted ahead of today’s US holiday and aussie-dollar drifted lower in the opening hours to a $0.8530 low a few minutes after wire agencies reported the HIA’s Oct new home sales data, which appeared to have been published earlier than expected. Aussie-dollar was holding near $0.8535 when the Q3 new capex data were released, and aussie-dollar promptly jumped to $0.8566 almost immediately after. It backed away to $0.8544 on profit-taking and after running into rumored sellers at $0.8580. The reversal was temporary and aussie-dollar then staged another bounce to $0.8583 later in the morning. Aussie-dollar was last at $0.8567.
