Australia's capex: Not expecting positive news - RBS

FXStreet (Bali) - Ahead of the Australia's capex release, Brian Daingerfield, FX Trading Strategist at RBS, notes that further decline in iron ore prices likely continued to weigh on business investment in Australia.

Key Quotes

"Shortly, private capex growth figures are released for 2Q and the further decline in iron ore prices likely continued to weigh on business investment."

"Private capital expenditure is expected to have declined outright in 2Q 2015 for a third consecutive quarter."