Australian dollar lower against strengthened greenback
THE Australian dollar is lower against the strengthening greenback following a rebound in US home construction.
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THE Australian dollar is lower against the strengthening greenback following a rebound in US home construction.
At 0630 AEST on Wednesday, the local currency was trading at 93.05 US cents, down from 93.29 cents on Tuesday.
US home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines.
Construction increased 15.7 per cent in July to a seasonally adjusted annual rate of 1.09 million homes, official figures showed.
Originally published as Australian dollar lower against strengthened greenback
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