Australia Private Capital Expenditure: -4.4% (1Q) vs previous -2.2%

FXStreet.com (Barcelona)

May 28, 2015

RBNZ expected to now cut - ANZ

Analysts at ANZ noted the downside in NZD/USD post Fonterra announcing an opening milk price of $5.25/kg MS for the 2015/16 season. At the same time, it also lowered its forecast for the 2014/15 season by 10 cents to $4.40/kg MS.

Australia's capex second estimate 2015/16 lower-than-expected

Australia's private capital expenditure has come at -4.4% for Q1 vs - 2.2% in Q4 last year, while second estimate 2015/16 capex was A$104.0 bln vs earlier estimate of A$109.8 bln.