Aussie holds revenues in Asia after dismal China house prices
On Friday, the Australian dollar held slight revenues during Asia trade on house prices data from China, which could indicate a knock-on effect for commodity demand.
The currency pair AUD/USD was worth 0.7633, rising 0.08%, while USD JPY demonstrated 104.11, ascending 0.16%
In China, house prices data for September edged up at an 11.2% pace, thus beating the previous revenue on 9.2% year-on-year.
The U.S. dollar index, traditionally estimating the greenback’s value against six main currencies, leapt about 0.09%, hitting 98.38.
Overnight, the greenback bounced back to a fresh seven-month peak against the other key currencies, having tumbled briefly, as financial markets digested comments by ECB President Mario Draghi and a string of mixed American data. The major European bank lift its interest rates intact at record lows of zero and also held its quantitative easing program unchanged, currently at €80 billion per month.