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Australian Capex disappoints

Posted by Akhilesh Ganti on Feb 27, 2013 7:43:00 PM

Australian business investment (capex) for the fourth quater of 2012  data fell 1.2%, which was worse than the +1.0% that the market was expecting. The AUD/USD intially fell through 1.02 before staging a brisk rebound as apparently the market liked the better-than-expected 2013/14 capex expectations. 

Australia capex 4Q2012

 

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