Asian Market Update: Soft Australia CAPEX Tilts RBA Probability In Favor Of Another Rate Cut, ...

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AUD/USD is the biggest mover among the dollar majors, falling about 50pips below $0.7840 following a worse than expected set of Capex data from Australia. Expenditures fell q/q for the 2nd straight quarter, estimates for FY14/15 were revised down to A$152.7B vs A$153.2B, while the initial FY15/16 forecast was set



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