FXstreet.com (Edinburgh) -Better mood around the Aussie dollar on Thursday is lifting the AUD/USD to the 0.8970/80 band, advancing for the second consecutive session.
AUD/USD stronger post-Capex
The key Capex indicator surprised investors on Thursday, gaining 4.0% during the second quarter, markedly surpassing the median at 0.2% and leaving behind the previous 4.1% contraction. Alvin Pontoh, Macro Strategist at TD Securities, commented, “capex was stronger than expected in Q2, but belies an actually quite weak report. In fact, the component that feeds into Q2 GDP—plant & equipment —fell for the third consecutive quarter (-1.2%), against our expectation for a small bounce. …read more