Loading…
Australian private capital expenditure fell 2.5% in the June quarter, more than reversing a 1.2% gain in the first quarter. Building approvals also declined 5.2%, and the Australian dollar weakened on the data.
Weak investment and approvals suggest the Reserve Bank of Australia will keep rates on hold longer, which pressures the Aussie. A weaker currency can make Australian grain and meat exports more competitive.
poundsterlinglive.comJames SkinnerAug 30, 2018Not 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.
