# Australian Dollar Advances despite Poor Business Investment Report after Fed Lifts Risk Assets

> The Australian dollar held gains after official data showed Q3 business investment fell 0.5%, worse than the expected 1.1% rise, though the prior quarter was revised up. Estimated 2018 investment was upgraded to $114 billion, up 4.4% on 2017, while the AUD rose as Fed Chair Powell's remarks lifted risk assets.

- Date: 2018-11-29 · published 2018-11-29T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/62291-australian-dollar-advances-despite-poor-business-investment-report-after-fed
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

A weaker AUD and firmer risk sentiment shape the currency backdrop for Australian-linked commodity exports, while the stronger 2018 investment estimate signals steady domestic demand. The effect on feed grain prices is indirect.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/10432-australian-dollar-advances-despite-poor-business-investment-report-after-fed-lifts-risk-assets

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