Private Capital Expenditure
Private capital expenditure (Capex) shows the change in the total inflation-adjusted value of new capital expenditures made by private businesses. In other words, Capex is an early indicator of a country’s economic growth. This indicator is released once a quarter and has a great impact on the Australian dollar.
Traders closely watch this event to decipher its impact on the currency. The Capex data coming at 04:30 MT time on August 31 represents a nice opportunity for those who trade AUD/USD and other currency pairs with the Aussie!