Australian private sector economic researchers BIS-Shrapnel says that:

  • While construction activity will gain momentum over the next two years
  • The pace will be uncomfortably slow, not sufficient to replace the mining industry as the country’s leading source of growth
  • Also, not all states will benefit

More details

The AUD/USD popped to 0.9280 as Sydney opened, from its earlier 0.9250 opening levels.

There is selling ahead of 0.9300, with some stops just above 0.9300 and 0.9310/20 and 0.9330

Sellers again 0.9350

On the downside, minor buying 0.9230, better bids just ahead of and around 0.9200