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Australia Building Permits (YoY) dipped from previous 17.6% to 8.6% in June

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Australia Export Price Index (QoQ) below expectations (-4%): Actual (-4.4%)

Australia Export Price Index (QoQ) below expectations (-4%): Actual (-4.4%)
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AUD/USD clings to 0.73 handle, shrugs off poor Aus building approvals

The Australian dollar shed some gains and retraced from highs versus its American counterpart in the Asian morning, bringing AUD/USD back just ahead of 0.73 handle. The Aussie erased partial gains following the release of worse-than expectations Australia’s building approval data while import prices came in line with estimates.
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