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AUD/USD has been pressured by the softer.....>

AUSSIE
AUSSIE: AUD/USD has been pressured by the softer than expected headline AU Q2
CapEx print, with the key plant and machinery CapEx component falling by 0.9% in
Q/Q terms.
- The much watched 3rd estimate of 2018-2019 Capex ticked up to A$101.9bn, and
was pretty much in line with estimates.
- AUD/USD has printed a low of $0.7275 on the latest leg lower, with the clean
break of the figure putting broader focus back on the YtD low ($0.7203), which
needs to hold to prevent a potential downside acceleration.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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