# AUD/USD: Better-than-expected Aussie Capex data fails to entice buyers — Octa

> Australian private capital expenditure fell 5.9 per cent in the June quarter, less than the expected 8.4 per cent drop. The Aussie dollar rose about 10 pips on the release but then gave back the gain and traded largely unchanged. Traders were cautious ahead of the Jackson Hole Symposium, where Fed Chair Powell was expected to signal tolerance for higher inflation.

- Date: 2020-08-27 · published 2020-08-27T12:00:00.000Z
- Category: macro · region Australia · magnitude low
- Page: https://feedsoft.ai/events/51898-aud-usd-better-than-expected-aussie-capex-data-fails-to-entice-buyers-octa
- Commodities: [Australian Dollar (USD per AUD)](https://feedsoft.ai/c/AUDUSD.md)

## Why it matters

Stronger-than-expected Australian investment data has limited effect on feed markets. The currency reaction was muted, so there is no clear price signal for feed commodities.

## Read by commodity

- AUDUSD: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/845438/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.