Building Approvals m/m (AUD) comes in at 7.2% against 5.5% consensus

Australia’s Building Approvals month over month for July 2026 came in at 7.2%, significantly exceeding the consensus expectation of 5.5%. This positive figure follows the previous month’s reading of -1.1%. The actual print represented a 30.9% surprise relative to the market consensus.

Following the release, the Australian dollar showed varied movement against major pairs over the initial 15 minutes. AUDCAD was up 5.9 pips, AUDCHF gained 3.2 pips, AUDJPY rose 5.7 pips, AUDNZD increased 5.4 pips, and AUDUSD was up 4.1 pips. Against the Australian dollar, EURAUD moved down 7.4 pips and GBPAUD moved down 8.8 pips. These initial movements are generally smaller than the median 1-hour moves observed after past releases, which include 6 pips for AUDCAD, 5 pips for AUDCHF, 8 pips for AUDJPY, 6 pips for AUDNZD, 6 pips for AUDUSD, 11 pips for EURAUD, and 12 pips for GBPAUD.