Flash: AUD strengthened on capex – BTMU
FXstreet.com (London) – Lee Hardman, economist at The Bank of Tokyo-Mitsubishi UFJ noted the AUD stronger overnight.
“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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