Building approvals from Australia for September
+1.5% m/m for a beat
- expected -1.0%, prior revised down to +0.1%, from +0.4%
+0.2% y/y and also a beat
- expected -2.4%, prior revised to -15.1% from -15.5%
Out at the same time was the September trade balance, a stoking surplus again, beating expectations and the prior: Australia - September trade balance: AUD surplus 1.745bn (expected surplus AUD 1.2bn)
The Australian dollar was marked up quickly, to pop above its overnight high and also above 0.7700 (barely).
