1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Aussie takes a hit on Capex, U.S on holiday

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    After being solidly bid for most of the week, the Australian dollar hit a wall after today Capital Expenditure data which showed new private capital expenditure fell a seasonally adjusted 9.2 in third quarter against expectations of around 2.9%. Further, spending on equipment, plant, and machinery fell 8.2 percent. The larger than expected drop in capex suggests the next phase of the mining divestment is underway – clearly not a great thing for the local unit. Market participants appears to be

    Continue reading...
     

Share This Page