Quantcast

AUD/USD sidelined around 0.9130

FXstreet.com (Edinburgh) – Better domestic data boosted the Aussie dollar overnight, sending the AUD/USD from the area of 0.9070 to session highs in the boundaries of 0.9140.

AUD/USD firmer after upbeat Capex

The key Capex indicator in the Australian economy surprised even the most optimist analysts on Thursday, advancing 3.6% during Q3 and up from the previous gains of 1.6% (revised). According to Annette Beacher, Global Strategist at TD Securities, “Notably, services, a key component in non-mining investment picked up to a +3% from a previous fall of -3%, lifting total capex expectations for 2013/14 to -1% from -3%… We also …read more