Construction work done for Q3 -2.2% q/q
- expected is -1.9%
- prior was -1.2%
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Preview is here, with a bit of background on this important release
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AUD is up from its earlier lows this morning; local corporate buyers were active at the lower levels. it was off its highs going into this data release and is a touch lower after. The data is the first input into Q3 GDP and the headline is not pretty, a worse decline than expected.
Orderboard is here – and as a ps., some of the buying at 0.8500 and thereabouts is barrier-option related