Header help text

Start trading with a free $30

There is no better time than now
Your first deposit is on us

Grab your $30 from XM

Top Stories
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.

By ForexNewsNow Team

This is a general account of the ForexNewsNow Team. It is used to published exclusive content carefully crafted by our experts as well as it is used to bring you the most recent industry highlights from our guest contributors that wish to remain anonymous.

More content by ForexNewsNow Team

Comments (0 comment(s))