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The Australian dollar rose after the ABS reported company profits up 20.1%, well above an 8% forecast. Capital expenditure fell 2.1% in the fourth quarter and was 15.5% lower than a year earlier, pointing to weak business investment.
Profit strength driven by commodity prices supports the AUD, while weak investment signals softer domestic demand. Both shape the currency's near-term direction against the US dollar.
poundsterlinglive.comNews, Data, ForecastsFeb 26, 2017Not 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.
