Australian data - February building approvals -1.9% m/m (expected +3.3%) ...Middle East

Total dwelling approvals for Australia in February 2024: -1.9% m/mexpected +3.3%, prior -1.0%Another weak building approvals data point. Three in a row of declines m/m. You'll note the estimate was for a rise, this was on the basis of some sort of bounce back from January. But that didn't eventuate. It looks like further weakness ahead for this sector. AUD little changed: This article was written by Eamonn Sheridan at www.forexlive.com.

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