#AUDUSD @ 068116 Aussie CAPEX miss weighs on , Pivot Orderbook analysis
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The Private Capital Expenditure has been released as follows:
Australian Private Capital Expenditure Q2: -0.3% (exp 1.0%; prev -0.3%).
AUD remains pressured on the day following the data embarking on fresh lows towards 0.68 the figure.
More to come…
The data is released by the Australian Bureau of Statistics measures current and future capital expenditure intentions of the private sector. It is considered as an indicator for inflationary pressures. A high reading is seen as positive (or bullish) for the AUD, while a low reading is seen as negative (or bearish).
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