Australian data: August building permits , home loans both up m/m

<p>The m/m building permits data is encouraging, but the poor y/y trend takes much of the shine off. </p><p>

Australia job advertisements dipped 0.1% m/m in September. Despite being down that's not too bad a result given the strong growth in August.</p><ul><li>for the y/y -8.2% </li></ul><p>Job ads are 50% higher than pre-covid levels</p><p>—</p><p>The focus for Australia for the session is the Reserve Bank of Australia policy decision due at 2.30pm local time, which is 0330 GMT and 11.30pm US Eastern time. </p><p>(spoiler – on hold expected)</p><ul><li><a href="https://www.forexlive.com/centralbank/rba-policy-announcement-due-tuesday-3-october-2023-preview-20231003/" target="_self">RBA policy announcement due Tuesday, 3 October 2023 – preview</a></li><li><a href="https://www.forexlive.com/centralbank/rba-policy-decision-due-tuesday-3-october-2023-sydney-time-a-certain-hold-20231002/" target="_blank" data-article-link="true">RBA policy decision due Tuesday, 3 October 2023 (Sydney time) – "a certain hold"</a></li></ul><ul><li><a href="https://www.forexlive.com/centralbank/rba-policy-meeting-next-week-on-hold-expected-20230929/" target="_blank" data-article-link="true">RBA policy meeting – on hold expected</a></li><li><a href="https://www.forexlive.com/centralbank/rising-australian-inflation-its-not-safe-to-conclude-that-the-rba-rate-cycle-has-peaked-20230927/" target="_blank" data-article-link="true">Rising Australian inflation, "its not safe to conclude that the RBA rate cycle has peaked"</a></li><li>Further ahead:</li><li><a href="https://www.forexlive.com/news/australian-private-survey-september-cpi-00-mm-prior-02-20231002/" target="_blank">(yet to come) the November RBA meeting is still live</a></li><li><a href="https://www.forexlive.com/news/australian-fund-manager-says-theres-a-40-chance-of-an-rba-rate-hike-in-novemberdecember-20231002/" target="_blank" data-article-link="true">Australian fund manager says there's a 40% chance of an RBA rate hike in November/December</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.