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Home / Analytics / Forex analysis & forecasts / Forex Fundamental analysis / The Australian Dollar is staying near its lows. Overview for 26.05.2016
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The Australian Dollar is staying near its lows. Overview for 26.05.2016

On Thursday, the AUD/USD pair is trading subtly, but it is still close to March lows.

So far, the Australian Dollar can’t find reasons for steady recovery from the local “bottom” despite the US Dollar’s weakening and the calm period on the currency market. The current quote for the instrument is 0.7193.

Today’s statistics showed that private capital spending in Australia in the first quarter of 2016 decreased by 5.2% against the predicted number of 3%. At the same time, the statistics for the fourth quarter of 2015 was revised from 0.8% to 1.8%. It appears that apart from some external causes, high-base effect was crucial against the statistics as well. it’s quite usual: the worse such statistics is, the more pressure is on the Aussie, because in general, the report indicates an approximate volume of current and future expenses.

Investments into construction sector decreased the most; machine-building industry and manufacturing got under pressure as well.

There’s been a little statistics recently, that’s why investors have to include even minor reports in the prices. From the ascending correction, the AUD/USD pair is prevented by news from China: it looks like the Chinese Central Bank is back to heavy regulations of the currency exchange rates once again, because of capital exports. Yesterday, the Yuan fell to the 5-year lows against the US Dollar. It’s quite logical that it also attracts investors, because China remains Australia’s most important trade-economic partner.
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