What is Housing Industry Association New Home Sales in Forex Trading?

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Housing Industry Association New Home Sales measures the change in number of newly constructed homes sold. It is an economic indicator for Australian currency traders. Housing Industry Association New Home Sales data is released at the end of each month usually at 4:00 GMT by Housing Industry Association Economics Group. A reading higher than expected taken as positive/bullish for AUD while reading lower than expected taken as bearish/negative.

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