AUD getting another leg up
We got a huge beat on building permits earlier
This gave the AUD a boost, and now its consolidationg that with another kick a little higher again. Updates:
Expectations have been widespread of a slowing construction sector, the data today puts that assumption into question and has been AUD supportive.
Meanwhile, yen another mover:
- USD/JPY selling off - follows BOJ reducing JGB purchase amount
- Bank of Japan cuts its purchases of JGBs today