SCOREBOARD: Market flip

Positive data from the US and Germany saw risk return, with the Australian dollar a chief beneficiary.

The reversal was on last night, following what was a fairly dour session previously, risk appetite given a significant boost by a strong 9.3 per cent surge in US housing starts for November and some positive signs out of Europe. Starts were well above the market expectation for a 1 per cent gain and the largest number since early 2010, although they are still well below average.


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