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1.Market Observations

29 Nov 2013 (AFR) – Capex data boosts $A off record lows

(29 Nov 2013, AFR, p27, Jason Murphy)

‘A burst of capital expenditure in the mining sector dragged the Australian dollar off its lows on Thursday, after strong US jobs and manufacturing data boosted the greenback.’

‘The dollar fell to US90.7¢ – its lowest level since early September – before official data was released on new and planned capital expenditure: mining capital expenditure was up 4 per cent. This saw the currency recover to US91.3¢.’

Read more at (might need AFR login access)

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