Australian private capital expenditure fell 4.4
percent in the first quarter of 2015, which was the largest decline
since the three months through September 2009. The Australian Dollar
declined more than 1 percent against its US counterpart.
Simultaneously, Australian government bond yields declined, with 3-year
yields down as much as 7 basis points. That suggested that the soft data
set weighed on RBA monetary policy expectations, with traders perhaps
betting on the resumption of interest rate cuts on the horizon.
DailyFX by Daniel Dubrovsky
Source:http://www.dailyfx.com/forex/market_alert/2015/05/28/Australian-Dollar-Drops-as-Capex-Data-Fuels-RBA-Rate-Cut-Bets.html
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