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.

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