AUD/USD turned lower from the session high of 0.8067 and was last seen trading at 0.8049, courtesy of weaker-than-expected housing data. The data released in Australia today showed the building permits tanked 20 percent month-on-month in December, beating the estimated drop of 8 percent by a big margin. Meanwhile, the fourth quarter import price index came in at 2.0 percent quarter-on-quarter, beating the estimated drop of 0.8 percent. It shows the economy imported inflation at a faster rate in the fourth quarter. However, the upbeat inflation number has not put a bid under the Aussie dollar. That said, the currency ... (full story)