Australia - Q1 house price index: +1.6% (expected is +2% q/q)

Australian Q1 house price index

+1.6% q/q

• expected +2.0% q/q, prior was +1.9%

+6.9% y/y

• expected +7.4% y/y, prior was +6.8%

This data point is not a high priority for AUD FX.

But something is moving it, AUD/USD tumbling in the last few minutes (USD strengthening pretty much across the board)