Flash: AUD reversing? – BBH

FXstreet.com (London) – AUD/USD is higher, and a research team at BBH looked at the fundamentals of recent activity.

Key Quotes:

Australia’s new home sales fell sharply but better private capital expenditures was enough to help the Aussie to break its losing streak.

“Capex rose 3.6% (vs. exp. -1.2%) in Q3, though Q2’s readings were revised lower from 4.0% to 1.6%. The details of the report showed that spending on buildings and structures increased 6.3% while investments in new plant and equipment fell 1.5%”.

“New home sales data, however, fell by 3.8% m/m in October, compared with a positive reading of …read more