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1.Market Observations

29 Nov 2013 (TheAge) – Spending outlook gives dollar a lift – Business spending expectations help dollar recover

(29 Nov 2013, The Age, BusinessDay, p23, Glenda Kwek)

‘The dollar has recovered slightly after slumping to an almost three-month low on Thursday, following better-than-expected business spending figures that reduced the odds of further interest rate cuts. The lift in companies’ spending expectations for this financial year, as well as a 3.6 per cent rise in business investment for the September quarter, raised hopes non-mining sectors of the economy were showing signs of life, analysts said.’




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