Quotes from RBC Capital Markets:
–AUD: The government’s resource & energy forecaster released its semi-annual report on major projects overnight. The outlook remains one in which the pipeline of projects begins to decline rapidly from 2015 onward.
-Thursday’s capex report should confirm this in more detail. AUD/USD managed a small rally in Asia, with spot touching 0.8563 before drifting back to 08535-40.
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