FOREX TradingCharts.com

Forex News: Australian Dollar Drops After Dismal Capital Expenditure Dat

Australian Dollar Drops After Dismal Capital Expenditure Data

08/29/2019 - 03:28:00 (RTTNews)

(RTTNews) - The Australian dollar slipped against its major counterparts in the Asian session on Thursday, as a data showed that the nation's capital expenditure declined unexpectedly in the second quarter as robust growth in machinery and equipment investment was offset by weaker spending on buildings.

Data from the Australian Bureau of Statistics showed that total new capital expenditure decreased 0.5 percent sequentially in the second quarter, confounding expectations for an increase of 0.4 percent.

On a yearly basis, overall capex was down 1 percent in the second quarter.

Asian stocks are trading mostly lower as the bond rally continued unabated, exaggerating the risk of recession.

U.S. Treasury Secretary Steven Mnuchin said that trade talks will continue, but seems uncertain about September meeting.

The aussie declined to 3-day lows of 0.6717 against the greenback, 71.12 against the yen and 1.6501 against the euro, from its early highs of 0.6744, 71.54 and 1.6437, respectively. If the aussie slides further, 0.63, 66.00 and 1.69 are possibly seen as its next support levels against the greenback, the yen and and the euro, respectively.

The aussie depreciated to a 2-day low of 0.8943 against the loonie, off an early high of 0.8973. The currency is likely to find support around the 0.80 level.

The aussie eased off slightly to 1.0635 against the kiwi, from near a 4-month high of 1.0664 hit at 11:15 pm ET. The aussie is seen finding support around the 1.05 level.

Looking ahead, Eurozone economic sentiment, German jobless rate and flash inflation data, all for August, are due in the European session.

In the New York session, U.S. weekly jobless claims for the week ended August 24, wholesale inventories for July and GDP data for the second quarter are slated for release.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT FOREX and ECONOMIC NEWS STORIES


Pound Trades Lower On Brexit Worries (10 hr(s), 19 min(s), 56 sec(s) ago)
(RTTNews) - The pound traded lower against its major counterparts in the European session on Monda ...Full Story»

Canadian Dollar Slides Amid Risk Aversion (12 hr(s), 40 min(s), 56 sec(s) ago)
(RTTNews) - The Canadian dollar drifted lower against its major counterparts in the early European ...Full Story»

Canadian Dollar Slides Against Majors (14 hr(s), 40 min(s), 55 sec(s) ago)
(RTTNews) - The Canadian dollar fell against its major counterparts in early European deals on Mon ...Full Story»

Dollar Little Changed After U.S. Consumer Sentiment Index (08 hr(s), 55 min(s), 55 sec(s) ago)
(RTTNews) - After the release of the University of Michigan's consumer sentiment index for Sep ...Full Story»

Dollar Bounces Off After Solid U.S. Retail Sales (08 hr(s), 58 min(s), 56 sec(s) ago)
(RTTNews) - The U.S. dollar moved off from its early lows against its most major opponents in the ...Full Story»

Dollar Ticks Up Vs Most Majors Following U.S. Retail Sales (10 hr(s), 28 min(s), 56 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, the U.S. retail sales and export and import prices for August ha ...Full Story»

Dollar Mixed Ahead Of U.S. Retail Sales (10 hr(s), 34 min(s), 56 sec(s) ago)
(RTTNews) - At 8:30 am ET Friday, the U.S. retail sales and export and import prices for August ar ...Full Story»

Pound Higher As No-deal Brexit Fears Recede (10 hr(s), 40 min(s), 56 sec(s) ago)
(RTTNews) - The pound strengthened against its major counterparts in the European session on Frida ...Full Story»

Search

FOREX NEWS

Pound Trades Lower On Brexit Worries

09/16/2019 - 08:43 AM (RTTNews)
(RTTNews) - The pound traded lower against its major counterparts in the European session on Monda ...Full Story>>

Canadian Dollar Slides Amid Risk Aversion

09/16/2019 - 06:22 AM (RTTNews)
(RTTNews) - The Canadian dollar drifted lower against its major counterparts in the early European ...Full Story>>

Canadian Dollar Slides Against Majors

09/16/2019 - 04:21 AM (RTTNews)
(RTTNews) - The Canadian dollar fell against its major counterparts in early European deals on Mon ...Full Story>>

Dollar Little Changed After U.S. Consumer Sentiment Index

09/13/2019 - 10:08 AM (RTTNews)
(RTTNews) - After the release of the University of Michigan's consumer sentiment index for Sep ...Full Story>>

Dollar Bounces Off After Solid U.S. Retail Sales

09/13/2019 - 10:03 AM (RTTNews)
(RTTNews) - The U.S. dollar moved off from its early lows against its most major opponents in the ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.