The Australian dollar drifted almost half a US cent lower overnight, partially reversing gains made after the release of domestic capital expenditure figures yesterday.
At 6.30am AEDT the currency was trading at 102.28 US cents, down from 102.76 US cents at yesterday’s local close.
The currency hit a four-month low of 101.87 US cents early yesterday but gained more than one US cent by last night after capital expenditure figures showed Australia's mining investment boom is expected to peak later than expected.
But, after hitting a high of 102.90 US cents, the currency drifted lower during the European and US sessions.
Source:
http://www.theaustralian.com.au/business/markets/australian-dollar-loses-some-gains-made-on-capex-data/story-e6frg94o-1226588100863
