Aussie advances against its namesake

Source: WBP Online
© Scanpix/Reuters
The Australian Dollar surged against the Greenback after numbers on durable goods orders were released earlier this week. The earlier numbers reported an increase of 22.6% in durable goods, or 0.8% drop in case aircraft orders excluded. Additionally, experts explain the phenomena by increased numbers of investors willing to diversify after the safe haven Yen reached six month low. Nonetheless, experts are expecting a 0.6% drop in private capital expenditures. The AUD/USD pair gained 0.14% to $0.9318. 

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