Aussie Gains Despite the pessimistic economic data results

Aussie higher on Wednesday despite a pessimistic reading on consumer sentiment and housing finance data for which the figure is lower than expected and the presence of anxiety in China's growth by the central bank of Australia.

AUD / USD in afternoon trading at 0.7053, up by 0:51%, while the USD / JPY move the range 120.41, up by 0:50%.

Westpac consumer sentiment index for September fell to 5.6% to 93.9, down from an increase of 7.8% in the level of 99.5 in the previous month.

Bill Evans, chief economist at Westpac said the central bank's next meeting on October 6, we estimate that the members of the board will maintain its policy interest rate steady for the rest of this year and also until 2016. The main key to any decision more interest rate cuts Further, estimated by financial markets, will depend on the current bank estimates for the unemployment rate can be stable if the range of current levels or not.

Meanwhile, other news, the value of home loan financing rose by 0.3%, below estimates for a 0.8% rise after growing by 4.4% in the previous month.

RBA Deputy Governor Phillip Lowe gave some comments on CEDA event in Melbourne on Wednesday, to see that the largest trading partner of Australia is currently having an economic picture that is complex and difficult to assess their economic prospects.