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Australian dwelling approvals rose 5.1% in September to 17,948, led by multi-unit construction while private house approvals fell 5.3%. The Australian dollar traded near US$0.7022 in early Asian trading ahead of the RBA decision on November 3.
Housing data has limited direct effect on feed commodity prices, though it informs the RBA's policy path and therefore AUD strength against the USD. The report is a routine macro release with little direct price impact.
fxnews.aiFXNews News DeskNov 2, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
