Australian building approvals – private sector house approvals +3.2% m/m

• Rise of +3.2% m/m (s.a.) in the private sector housing approvals,
• This is what the RBA wants to see, private housing getting a boost from the prior rate cuts.
• This is a big positive result.
• There will be no RBA rate cut tomorrow.
• AUD/USD dipped but bids in again around 1.0175/85 9see earlier post AUD orderboard)

Spource: ABS release