AUSSIE DROPS, KIWI HIGHER AFTER DATA

The Australian dollar fell on Thursday in Asia after downbeat capital spending data for private new capital.

The New Zealand dollar was supported after trade data.

AUD/USD traded at 0.7232, down 0.28%, while USD/JPY traded at 122.60, 0.12% lower.

In Australia, capital expenditure data for the third quarter with private new capital expenditure dropped 9.2%, compared to a 3.0% drop seen.

NZD/USD reversed the decline after data to trade at 0.6592, up 0.19%.

In New Zealand, the trade balance for October showed a deficit of NZ$963 million month-on-month and NZ$3.24 billion year-on-year, both slightly better than expected.

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KIWI RISES VS GREENBACK WHILE AUSSIE STEADY NEAR 2-WEEK LOWS

On Thursday the New Zealand dollar rose against its U.S. counterpart, despite the release of downbeat New Zealand trade balance numbers, while its Australian counterpart was steady near two and half week lows.

NZD/USD hit 0.6308 during late Asian trade, the session high; the pair subsequently consolidated at 0.6288.

Earlier Thursday, Statistics New Zealand reported that the country's trade deficit expanded to NZ$1,035 million in August from NZ$649 million the previous month. Analysts had expected the trade deficit to widen to NZ$850 million last month.

Elsewhere, AUD/USD hit 0.6992 during late Asian trade, the session low; the pair settled at 0.6983.

The U.S. dollar had strengthened after comments by some Federal Reserve officials Monday night signaled that a U.S. rate increase is still on the cards this year.

In separate comments, St. Louis Fed President James Bullard and Atlanta Fed President Dennis Lockhart signaled that the Fed rate increase is not off the table this year.

Investors were now awaiting a speech by Fed Chair Janet Yellen later in the day for additional clarity on the bank’s decision last week to leave interest rates on hold.

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