Australia Home Loans decreases to 0.8% in Apr from 4.8%

The Australian NAB Business Confidence (May) came at -1 vs -2 last month, while conditions printed a -4 vs -6 prior month. Home loans for April were up +0.8% m/m vs. +2.0% expected, while investment lending for homes (Apr) came at +1.1% vs 2.1% prior. The Australian has broken below 0.9395 support by triggering stops that allowed price to travel to a fresh new 2.5 yr-low at 0.9380.