Australia Home Loans m/m show a change in the number of loans granted for home construction and purchases in the reported month compared to the previous month. Index includes loans issued by banks and non-bank credit organizations (construction unions, cooperative societies, etc.).
A higher amount of home loans indicates the housing market growth. Therefor, the value growth can have a positive effect on AUD quotes.
The chart of the entire available history of the "Australia Home Loans m/m" macroeconomic indicator. The dashed line shows the forecast values of the economic indicator for the specified dates.
A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.