# Aussie slips on weak economic data

> 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.

- Date: 2019-05-30 · published 2019-05-30T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/59351-aussie-slips-on-weak-economic-data
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bearish ▼

## Sources

- economies.com: https://www.economies.com/forex/news/aussie-slips-on-weak-economic-data-29183

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.