Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Forex - Yen gains further in Asia, Aussie up after mixed capex data

Forex May 25, 2016 10:35PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Yen gains further

Investing.com - The yen gained further in Asia on Thursday after corporate price index data came in as expected, while the Aussie rebounded on a mixed set of capital expenditure figures.

USD/JPY changed hands at 109.62, down 0.51%, while AUD/USD changed hands at 0.7211, up 0.18%.

In Japan, the corporate services price index rose 0.2% as expected year-on-year.

In Australia, building capital expenditure dropped 7.9%, more than double the 3.0% fall month-on-month expected in the first quarter and plant/machinery capital expenditure eased 0.5%, less than the 2.0% drop seen quarter-on-quarter. Private new capital expenditure fell 5.2%, more than the 3.0% decline seen quarter-on-quarter.

The fall in capex in the first quarter was more than expected but the outlook for 2016-17 capex was slightly better than expected. The RBA will be watching this carefully as the continued rebalancing of the economy away from resources depends crucially on growth in the services sector.

New Zealand reported details of its upcoming fiscal year budget with a net debt forecast of 24.90% seen, down from 26.90% earlier.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, fell 0.23% to 95.18.

Overnight, the dollar held steady at two-month highs against the other major currencies on Wednesday, as expectations for a June rate hike in the U.S. continued to boost demand for the greenback.

Forex - Yen gains further in Asia, Aussie up after mixed capex data
 

Related Articles

Speculators cut long U.S. dollar bets in latest week
Speculators cut long U.S. dollar bets in latest week By Reuters - Aug 12, 2022 4

(Reuters) -Speculators decreased their net long U.S. dollar positions in the latest week, according to calculations by Reuters and U.S. Commodity Futures Trading Commission data...

Dollar Edges Higher; Sterling Weak After GDP Fall
Dollar Edges Higher; Sterling Weak After GDP Fall By Investing.com - Aug 12, 2022 3

By Peter Nurse Investing.com - The U.S. dollar edged higher in early European trade Friday, rebounding to a degree after a two-day selloff as weaker than expected inflation data...

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email