Australian Building approvals for March: -15.5% m/m (expected -12.0%)

Building permits data have been weak along with housing finance and house prices.

-15.5 % m/m, worse than expected (a drop after the big jump last month was expected, its a little worse than expected but not out of the ballpark)

• expected -12.0% m/m, prior +19.1%

-27.3% y/y also for a miss

• expected -25.1%, prior -12.5%

AUD getting a few more sellers giving it. Its al its lowest since Jan 9it was lower during the 'flash crash' on Jan. 3 but this is its worst since):

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For background:

• Coming up from Australia today - building approvals data - preview