Australia Private Capital Expenditure registered at -4.2%, below expectations (-1.4%) in 1Q

FXStreet.com (Barcelona)

May 29, 2014

NZD/JPY: Worst losing day since late Jan

NZD/JPY plunged over 1 cent during Wednesday's trading, setting its lowest level since March 5th at 86.17.

Aus Q1 capex well below expectations, future investment prospects brighter

Australia's private capital expenditure (capex) came at -4% vs -1.4% expected and -5.2% last, with the 2nd estimate of 2014/15 capex coming at $A137.1bn vs A$127.8 bn expected.