AUD/USD is holding above key help at 0.6400 however faces near-term resistance between 0.6500-0.6540, BBH FX analysts report.
1Capex disappointment weighs, however AUD holds 0.6400
“Australia personal new capital expenditure (capex) unexpectedly contracted over Q1. Capex fell -0.1% q/q (consensus: 0.5%) vs. 0.2% in 4Q (revised up from -0.2%) pushed by a -1.3% q/q decline in tools, plant and equipment.”
“Encouragingly, the second estimate for deliberate capex for 2025-26 was up 6.7% to A$95.6bn from the primary estimate. RBA money fee futures proceed to price-in a complete of 75bps of cuts to a low of three.10% within the subsequent 12 months.”
