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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

    Oct 7, 2015
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    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

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