Australia private capital expenditure declines unexpectedly

ForexNewsNow | Published on August 25, 2010 at 7:37 pm

Forex broker reviews

Indicator analysis - Reserve Bank of Australia President Glenn StevensNEW YORK (Forex News Now) – Capital expenditure by the private sector in Australia dropped unexpectedly in the second quarter, official data showed on Thursday, according to indicator analysis.

In a report that was likely to impact currency market trading, the Australian Bureau of Statistics said capital expenditure slid 4 percent between April and June, after dropping 1 percent in the preceding quarter.

Analysts had expected a modest rise of 2.3 percent in the second quarter, three realtime forex news outlets reported.



Sign up for our Newsletter

Top Forex Brokers

CySEC/FSA Regulated
$5 Min. Deposit
5 Trading Platforms
$2000 Deposit Bonus
No Commissions
Multilanguage Support
US traders accepted
Intuitive trading platform
Free no deposit bonus
Mobile trading

Binary Options Video