Upbeat Australia Capex estimates fails to put a bid under the AUD

AUD/USD is struggling to cheer the upbeat forward-looking Aussie private sector capital expenditure (Capex) data released at 00:30 GMT.

The seasonally adjusted estimate for total new capital expenditure fell by -2.8% in the December quarter 2019 compared to market expectations for 0.4% growth. December quarter's slide is preceded by a fall of -0.4% in the September quarter 2019, according to the Australian Bureau of Statistics (ABS).

Read more: https://www.fxstreet.com/news/aud-usd-upbeat-australia-capex-estimates-fails-to-put-a-bid-under-the-aud-202002270044
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