AUD/USD Lower

AUD/USD is trading lower Tuesday at 0.7606, down 0.0050. Trading is weak choppy. Australian New Home sales were up 1.1 percent on the month and private sector credit was up 0.5 percent on the month. Australian building approvals are due out Tuesday evening at 8:30 p.m. ET. Market chatter about U.S. monetary policy led to some selling. Easier policy by China due to faltering economic conditions has also led to some selling. Chinese manufacturing PMI data due out on Tuesday evening at 9:00 p.m. ET is beginning to become a focus point.