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The Australian dollar slipped slightly against the greenback after weak April data showed corporate capital spending fell 1.7% and building permits declined 4.7%. Trade tensions between Washington and Beijing also weighed on sentiment.
Soft domestic investment data and trade-war uncertainty reduce the chance of a stronger AUD, which matters for commodity export revenues and the pricing of Australian exports.
economies.comRami HaddadMay 30, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
