Australian Building Permits YoY Prel (Mar) Y/Y 9.0% (Prev. 14.0%)
The preliminary data on Australian building permits YoY for March shows a decrease from the previous year's 14.0% to 9.0%.
[MARKET ANALYSIS] Choppy trade in the JPY whilst AUD awaits tomorrow’s RBA
[MARKET ANALYSIS] APAC mostly firmer; Japan and Mainland China away on holiday
Australian Building Permits YoY Prel (Mar) Y/Y 9.0% (Prev. 14.0%)
Japanese PM Takaichi is to meet with Australian PM Albanese to discuss energy and rare earths
[MARKET UPDATE] Volatility seen in JPY, with USD/JPY instantly dipping from 156.95 to 156.59 before recoiling back to 156.87
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This slowdown may imply a weakening in the construction sector, potentially affecting overall economic growth and residential investment sentiment in Australia, and could prompt market participants to reassess their forecasts for future interest rate decisions.
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