Investing.com - The Australian dollar fluctuated between small
gains and losses during the Asian trading on Tuesday ahead of data
release for December Housing Finance and the January NAB Business
At 1130 Sydney time (0030 GMT) Australian Bureau of Statistics
will release MoM home loans and house price index for December. In
November they rose 1.1% and 1.9% respectively and markets are
expecting them to rise by 0.9% and 3% respectively in December.
At the same time National Australia Bank will release business
confidence index for January.
Japanese markets are closed for the public holiday of National
AUD/USD fell 0.03% at 0.8947, NZD/USD rose 0.02% at 0.8267 while
USD/JPY fell 0.05% at 102.20.
On Monday, the greenback traded largely flat against major
currencies in a market void of major economic indicators as the
investors remained on the sidelines ahead of Federal Reserve Chair
Janet Yellen's first congressional testimony as the country's top
monetary authority on Tuesday. It many hope will carry clues on the
direction of U.S. monetary policy.
Meanwhile, the Euro remained under pressure after Germany's
constitutional Court ruled at the end of last week that the
European Central Bank's bond-buying program may exceed its mandate,
and referred it to European Court of Justice.
Markets shrugged off data released earlier revealing that French
industrial production fell 0.3% in December, compared to
expectations for a 0.1% uptick. Industrial production in November
was revised down to a 1.2% increase from a previously estimated
The dollar index, which tracks the performance of the greenback
versus a basket of six other major currencies, was flat at
offers an extensive set of professional tools for the financial
Read more News on Investing.com and download the new
Investing.com Stocks & Forex App