CoreLogic data on Aussie house prices
They've been on a wee slide. Sydney and Melbourne are the big volume markets (relative to other capitals) and prices lower in these two have weighed on the national index (eg. CL reporting July prices higher in Brisbane, Canberra and Darwin, flat in Hobart)
House prices had been on a huge surge in preceding years.
Again, data not an immediate forex mover. Like the earlier PMIs:
- AUD data - AiG Manufacturing PMI 52.0 in July from 57.4 in June
- Time for another Australian Manufacturing PMI, this one drops too
Trade tariff headlines, though …. well that is another story!
- US said to plan higher tariff on USD 200bln of imports from China
(AUD/JPY stepped on a banana peel with that one)
