Will the Aussie dollar drop over the capex cliff?

This week’s capital expenditure survey is expected to show a new decline, and could push the dollar down considerably before the Reserve Bank meets next Tuesday.

Since the Australian dollar rallied to reach US90 cents two weeks ago, volatility in the Aussie has been relatively subdued. While this may have provided some relief for businesses, this week’s capital expenditure (capex) survey could kick off another move lower in the Aussie dollar.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles