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by ForexNewsNow Team on August 25, 2010

Australia private capital expenditure declines unexpectedly

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.

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