By FXEmpire.com - Analysis and Recommendation: (close of Asian session)

AUD/USD was trading at 1.0748 the Aussie dropped to 107.38 cents after the release of official data showing a 0.3 per cent fall in capital expenditure in the December quarter, lower than expectations.

Also released was building approvals data for January, which showed a rise by 0.9 per cent in January, slightly less than the market had forecast.

CMC Markets chief market strategist Michael McCarthy said the fall in the Aussie dollar could be attributed to both the data and a strong performance by the US currency on Wednesday.

China’s manufacturing gained momentum; helped by strength in new orders, export demand and production, though inflation pressures remain a concern, according to a survey released on Thursday.

The state-affiliated China Federation of Logistics and Purchasing said its purchasing managers index, or PMI, rose 0.5 points to 51.0 from January’s 50.5 and December’s figure of 50.3 in a third straight month of steady improvement.

Economic Events: (GMT)

The economic calendar is very light for Friday, with the 1st falling on Thursday. These events will have little or no significance. There are also no events scheduled in the US.

00:00     NZD      ANZ Commodity Price Index (MoM)                 1.2%

14:00     USD       Global Semiconductor Sales (MoM)                  -5.5%

Sovereign Bond Auction Schedule

Mar 01 09:30 Spain Bono auction

Mar 01 09:50 France OAT auction

Mar 01 10.30 UK Auctions 4.0% 2022 conventional Gilt

[Originally Posted Here]

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