AUD/USD Trading Lower, Australian New Home Sales Fall

AUD/USD is trading at 0.7462, down 0.0020. The pair is trading just above the session lows. Australia's Housing Industry Association (HIA) reported that new home sales in Australia fell 8.5 percent during October versus a 2.7 percent rise in September. Australia's Bureau of Statistics (ABS) reported that building permits fell 12.5 percent during October following at 9.3 percent decline in September. The Reserve Bank of Australia (RBA) reported that private sector credit in Australia rose 0.5 percent in October versus a rise of 0.4 percent in September. Year over year private sector during October eased to a rise of 5.3 percent from the 5.4 percent rise in September.