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26 Feb 2014

Australian construction work done misses expectations

FXStreet (Bali) - Australian construction work done for Q4 disappointed the market, with the final at -1.0% q/q vs +0.2% expected.

DECEMBER KEY POINTS

TOTAL CONSTRUCTION - The trend estimate for total construction work done rose 0.9% in the December quarter 2013.The seasonally adjusted estimate for total construction work done fell 1.0%, to $53,101.1m, in the December quarter.

BUILDING WORK DONE - The trend estimate for total building work done rose 0.2% in the December quarter. The trend estimate for non-residential building work done rose 0.9% in the December quarter. The seasonally adjusted estimate of total building work done fell 1.6%, to $20,777.8m, in the December quarter.

ENGINEERING WORK DONE - The trend estimate for engineering work done rose 1.3% in the December quarter. The seasonally adjusted estimate for engineering work done fell 0.5%, to $32,323.2m, in the December quarter.

Feb 26, 2014

AUD/JPY plummets t 91.65

The AUD/JPY fell sharply during the Asian session and reached a 2-day low at 91.66, after falling more than 50 pips in a few minutes.

EUR/AUD benefits and rockets up to 1.5322

EUR/AUD has benefitted from 1.5250 on a run on the Aussie. EUR/AUD has been edging up from the 1.52 handle into bullish territory after the onslaught on this weeks opening business done at 1.5320 through into the 1.5180’s.