Australian Private House Approvals MoM Prel (Mar) M/M 12% (Prev. 0.2%)
The March preliminary figure for Australian Private House Approvals saw a substantial increase of 12% month-over-month, a significant jump from the previous 0.2%.
[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 Private House Approvals MoM Prel (Mar) M/M 12% (Prev. 0.2%)
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 strong performance may indicate a rebound in the housing sector, which could have implications for future economic growth and monetary policy considerations in Australia.
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