AUD down after the approvals data misses (again)

A couple of data points moments ago for the Australian economy:

• Australia building approvals for December: -8.4% m/m (expected 2%)
• Australia job ads survey from ANZ: -1.7% m/m (prior 0.0%)

And this one a half hour ago:

• Australia monthly (privately surveyed) inflation (January) -0.1% m/m

The Australian dollar is a little lower after the building approvals for December came in a poor showing yet again. Its not as if lower approvals are too much of a shock, declining prices, apparent ample supply (increasing anyway) have been a weigth on this data point all through last year, if not further back (November of 2017 was the high point for approvals).