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AUD/USD among the most active dollar majors today – TradeTheNews

FXStreet (Barcelona) - The TradeTheNews Team note that AUD/USD has been among the most active dollar majors today, spiking some 70pips toward $0.86.

Key Quotes

“AUD/USD is among the most active dollar majors, spiking some 70pips toward $0.86 after a much stronger than expected Australia capital expenditure figures.”

“Q3 CAPEX marked its first quarterly growth in 3 years, and the revision for FY14/15 forecast was also to upside - A$153B vs A$145B prior estimate. An economist with ANZ said the figures suggest firms are planning investment growth of just over 5% in current year, implying recovery in the non-mining sectors of the economy.”

“NZD/USD was also up about 40pips above $0.79, helped in part by a sharp decline in net sales of the currency by the central bank in Oct vs Sept levels. Earlier, Kiwi trade balance logged its largest monthly trade deficit for October in six years, exports of dairy slip 24% while the overall shipments to China were down 40%.”

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