Australian Private House Approvals MoM Final (Feb) M/M 0.2% vs. Exp. 0.2% (Prev. 1.1%)
The final reading for Australian private house approvals showed a modest month-over-month increase of 0.2%, in line with expectations, but a significant slowdown from January's 1.1% growth.
Japan's Finance Minister Katayama declines to comment on FX levels and says the government is prepared to take decisive action in markets, but will not elaborate on future potential measures
BoK says rate decision was unanimous and that Middle East conflict poses risks to growth
Australian Private House Approvals MoM Final (Feb) M/M 0.2% vs. Exp. 0.2% (Prev. 1.1%)
PBoC injects CNY 2.0bln via 7-day reverse repos with the rate at 1.40%
PBoC sets USD/CNY mid-point at 6.8654 vs exp. 6.8313 (Prev. 6.8649)
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This could indicate a cooling in the housing sector which often reflects broader economic sentiment; thus, it may influence expectations for monetary policy as the Reserve Bank of Australia looks to navigate growth and inflation dynamics.
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