Forex Flash: Today's Aus data more reason for RBA to stay on hold in April - NAB

After the releases in housing finance and consumer confidence, the NAB notes: "With the first up +2.4% in Jan, with investor approvals up 4.4% and owner-occupied values +1.3%, and first home buyer activity at 8½ year low, this is a good sign for dwelling construction, with finance approvals for new homes rising again."

Regarding consumer confidence, it stood at +2.0% in March, continuing to trend higher. According to NAB, "Should eventually translate into better consumption growth", adding "overall, the data is more reason for the RBA to remain on hold in April."