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Flash: AUD strengthened on capex - BTMU

FXstreet.com (London) – Lee Hardman, economist at The Bank of Tokyo-Mitsubishi UFJ noted the AUD stronger overnight.

Key Quotes:

“The Australian dollar has strengthened overnight following the release of the stronger than expected Australian private capital expenditure report for Q3”.

“The report revealed that capex rose by 3.6% with expectations for mining capex in 2013-14 remaining relatively high although having likely peaked”.
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