Moderate but Brief Rise in AUD/USD as Aussie Building Approvals Beat the Consensus in Nov.

Sine many of you liked the prior articles...I brought you new news about the Aussies and their Aussy dollars...hehe.

Building approvals in Australia rose more-than-expected in November, according to data released by the country’s bureau of statistics on Wednesday (Tuesday night EST). Approvals rose 5.9% month-over-month, overarching expectations for a 3.3% gain, and erasing their downwardly-revised 1.8% decline in October. Meanwhile, approvals rose 33.3% on the year, above calls for a 28.0% gain, and almost doubling the upwardly-revised 14.1% increase in October. Following the release, the Aussie dollar strengthened moderately, rising by as much as 12 pips to $0.9122USD, before quickly declining.