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AUD/USD spikes to 0.9140

FXstreet.com (Edinburgh) – The Aussie dollar found decent support in the area of 0.9090 on Tuesday, with the AUD/USD now attempting a return to the positive ground around 0.9140.

AUD/USD all eyes on tomorrow’s Capex

The most relevant event for the AUD this week will be the Private Capital Expenditure for the third quarter, although consensus amongst traders would point to a soft reading, adding to the selling pressure. Today’s Construction Work Done in Australia expanded 2.7% in Q3, largely surpassing the median at 0.5% and the previous quarter 0.1% gain. According to Greg Gibbs, “The Trading performance of the AUD …read more