Australian and New Zealand dollars up

01 Nov, 2012

The Australian dollar edged up on Wednesday following upbeat housing data, putting it on track to end the month flat, in contrast with its New Zealand counterpart, which looked set to post a negative month against the greenback. The Aussie was up 0.1 percent on the day at $1.0373, having risen as high as $1.0391 after approvals to build new homes in Australia jumped 7.8 percent in September, far exceeding forecasts of a 1 percent rise.
The kiwi was flat on the day at $0.8213, off a session high of $0.8228. It received some support from strong building consent data, but offers suspected above $0.8230 limited gains.

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