- The Australian Dollar remains strong following the Building Permits data release on Tuesday.
- Australia’s seasonally adjusted estimate for total dwellings approved decreased by 3.6% month-on-month to 14,998 units in November 2024.
- Traders await the release of the US ISM Services PMI later in the North American session.
The Australian Dollar (AUD) gains ground for the fourth consecutive session against the US Dollar (USD) on Tuesday. The AUD/USD remains stronger despite weaker-than-expected Building Permits for November. US ISM Services Purchasing Managers Index (PMI) is set to be released later in the day. On Wednesday, markets will focus on the Minutes from the Federal Reserve’s (Fed) December policy meeting.
The permits for new construction projects in Australia dropped by 3.6% month-on-month to 14,998 units in November 2024, falling short of market…
