Australia August trade balance: -815m (vs. expected -400m)

  • And the prior is now -1375m. revised from -765m
Australia trade balance data result graph 2 October 2013

Australia Building Approvals for August: -4.7% m/m (vs. expected -0.5%)

  • The prior revised to 10.2% from 10.8%
Australia building approvals data result graph 2 October 2013

Australia Building Approvals for August: +7.7% y/y (vs. expected +12.8%)

  • Prior revised to +28.8% from +28.3%

Worse than expected results and m/m building approvals and trade balance both had their immediate prior month revised down.

This should be taken by the market as a negative for the AUD, at the margin it increases the chances for an RBA rate cut. But there are plenty of bids to the downside on the AUD. Orderboard here.