Earlier today (Thursday, 24 January 2019) Australian Dollar rallied to 0.7167, as reports 21.6k jobs in December, beating the estimate of 18.0k jobs.
But this rally was short lived start to reverse downside after National Australia Bank (NAB) announced increase its standard variable mortgage rate for owner-occupier principal and interest (P&I) customers by 12 basis points to 5.36%.
Though NAB's hike still keep it as lowest among Australia's other banks. The standard variable mortgage rates for Westpac at 5.38%, Commonwealth Bank at 5.37%. NAB stands equal with ANZ at 5.36%.
This is really a bad news for Australia's indebted households.
This knocked down the AUD/USD rally by 0.5% to 0.7105.
Now
But this rally was short lived start to reverse downside after National Australia Bank (NAB) announced increase its standard variable mortgage rate for owner-occupier principal and interest (P&I) customers by 12 basis points to 5.36%.
Though NAB's hike still keep it as lowest among Australia's other banks. The standard variable mortgage rates for Westpac at 5.38%, Commonwealth Bank at 5.37%. NAB stands equal with ANZ at 5.36%.
This is really a bad news for Australia's indebted households.
This knocked down the AUD/USD rally by 0.5% to 0.7105.
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| AUD/USD |
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