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28 May 2015
Second estimate 2015/16 capex weighs on the Aussie
FXStreet (Bali) - The Australian Dollar has seen a major slide off its session highs at 0.7760 against the US Dollar, breaking, if only briefly, the 0.77 handle, where bulls/bears are battling for dominance now.
While Australia's Plant/Machinery Capex came at -0.5% vs -1.2% exp and 0.50% prior, the lower-than-expected Australian private CapEx (Q1), which came at -4.4% vs-2.40% exp and -1.70% last, coupled with Australia's downgraded second estimate 2015/16 capex, A$104.0 bln vs earlier estimate of A$109.8 bln, weighed on the AUD.
While Australia's Plant/Machinery Capex came at -0.5% vs -1.2% exp and 0.50% prior, the lower-than-expected Australian private CapEx (Q1), which came at -4.4% vs-2.40% exp and -1.70% last, coupled with Australia's downgraded second estimate 2015/16 capex, A$104.0 bln vs earlier estimate of A$109.8 bln, weighed on the AUD.