# AUD/USD remains on the defensive after weak Aussie construction sector data — Octa

> Australia's Q1 construction work done fell 1.9%, missing expectations for no change after a 3.1% drop in late 2018. AUD/USD traded near 0.6880 after the release, and the RBA Governor had nearly pre-announced a June cut.

- Date: 2019-05-22 · published 2019-05-22T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/59354-aud-usd-remains-on-the-defensive-after-weak-aussie-construction-sector-data-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Weak construction feeds into GDP and raises the odds of RBA easing, which keeps the Australian dollar under pressure and signals softer activity in the Australian economy.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/704001/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.