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CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Australian dollar tumbles following weak capital expenditure

The Australian dollar has taken a fall, as new capital expenditure, and building approvals data is released

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Capital expenditure fell by 0.6% in the June quarter 2018, while the seasonally adjusted estimate fell by 2.5% . The Australian dollar fell from 0.73 to 0.72 upon the news.

The Australian Bureau of Statistics (ABS) released the data on Thursday which shows:

  • The trend volume estimate for buildings and structures fell by 2.1% in the June quarter 2018 while the seasonally adjusted estimate fell by 3.9%.

  • The trend volume estimate for equipment, plant and machinery rose by 1.3% in the June quarter 2018 while the seasonally adjusted estimate fell by 0.9%.

The trend estimates for total dwellings approved fell 1.3% in July. The seasonally adjusted estimate for total dwellings approved fell 5.2% in July.

However, figures for spending expectations for 2018/2019 financial year have been upgraded from the first quater estimate, going up from $88 billion to $102 billion.

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CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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