AUD/USD flows: Soft CAPEX Cut Aussie Gains

The Q2 Australia CAPEX has come in at -2.2% from 1% growth in Q1. It will weigh in the softer Australian economy. But given the current inflationary dynamics, it is hard to see a weaker economy to bring RBA's cut early.

AUD/USD gains are partially reversed to trade 0.1% higher at 0.6782 after reaching a session high of 0.6083.