Gains of Australian Dollar Limited

The Australian dollar rose today but gains were rather limited. The currency traded not far from the multi-year low it has touched earlier this week.

The Aussie has touched the lowest level in six years versus its US peer on Monday when China scared investors away from riskier currencies. The Australian dollar advanced today, but the rally was quite anemic. Domestic economic data was not helping the matter as it showed the drop of private capital expenditure by 4 percent in the second quarter of this year.

AUD/USD ticked up from 0.7121 to 0.7156 and AUD/JPY edged from 85.39 up to 86.07 as of 9:58 GMT today.

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