# Strong Start for Australian Dollar, Outlook Dominated by Heavy Data Docket

> 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.

- Date: 2017-02-26 · published 2017-02-26T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/72767-strong-start-for-australian-dollar-outlook-dominated-by-heavy-data-docket
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

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.

## Read by commodity

- AUDUSD: bullish ▲

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/aud/6283-aud-outlook-busy-week-data

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