Aussie Falls As Australia Capex Tumbles
28 May 2015 - 12:24PM
RTTF2
The Australian dollar weakened against the other major
currencies in the Asian session on Thursday, after data showed that
the nation's private capital expenditure was down on quarter in the
first quarter of 2015.
Data from Australian Bureau of Statistics showed that private
capital expenditure in Australia was down a seasonally adjusted 4.4
percent on quarter in the first quarter of 2015, coming in at
A$35.895 billion. That missed expectations for a decline of 2.2
percent, which would have been unchanged from the previous three
months.
On a yearly basis, private capital expenditure was down 5.3
percent.
The Australian dollar fell to more than a 2-week low of 0.9567
against the Canadian dollar and a 2-day low of 95.06 against the
yen, from an early 8-day high of 0.9659 and a 9-day high of 95.99,
respectively.
Against the U.S. dollar and the euro, the aussie dropped to more
than a 5-week low of 0.7685 and a 6-day low of 1.4195 from
yesterday's closing quotes of 0.7719 and 1.4106, respectively.
Pulling away from an early high of 1.0684 against the NZ dollar,
the aussie edged down to 1.0621.
If the aussie extends its downtrend, it is likely to find
support around 0.94 against the loonie, 93.50 against the yen, 0.75
against the greenback, 1.44 against the euro and 1.03 against the
kiwi.
AUD vs US Dollar (FX:AUDUSD)
Forex Chart
From Aug 2024 to Sep 2024
AUD vs US Dollar (FX:AUDUSD)
Forex Chart
From Sep 2023 to Sep 2024