Forex Trading - Australian Westpac Leading Index Indicator

The Australian Westpac Leading Index Indicator came in better than the prior month at .1% for June versus a 0% reading the prior month. The index grew at an annualized rate of 2% in June, slowing from an annualized rate of 2.4% in May. This is the slowest growth rate of the index since July 2001. Westpac said the slower growth is attributable mainly to falling share prices, tighter liquidity, weak housing approvals and soft data for US Industrial Production.