Australian housing data (April) shows lending for owner occupied & investors both fell m/m

Headline home loans -6.4% m/m vs expected -0.5%

• Owner-occupied -7.3% m/m (and -12.8% y/y)
• Investor loans -4.8% m/m (+37% y/y)

AUD update, not doing much at all today! Holidays in Hong Kong, China and UK today are sapping interest.