FXStreet (Bali) - The Australian Dollar is selling fiercely following a disappointing CAPEX (private capital expenditure) release in Australia, with the currency exchanging hands over half a cent lower around 0.7220 against the US Dollar, while against the Yen, the last printings show 88.45/50 quotes. Major decline in Q3 expenditure Australia's private capital expenditure (CAPEX) saw a very poor headline read of -9.2% for Q3 vs -2.9% expected and -4% prior, while the 4th estimate of investment plans for 2015/16 came at A$120bln, in line with expectations, but unable to offset the downbeat headline data. Algorithm activity post release + withdraw of liquidity by market makers has seen the Aussie find little support, as the data reflects that economic conditions in the private sector remain unfriendly to seek new investments (expenditure). Firms' outlook raises questions The unwillingness by firms to spent additional capital to acquire or improve assets such as equipment or buildings, is usually strongly correlated to a poor outlook for the economy, as less spending means more skepticism/pessimism about improving conditions in their respective business sector. Ironically, the data comes in stark contrast with the latest blockbuster employment report seen in Australia, which took everyone by surprise. It certainly remains an ever more complicated jigsaw to solve by the Reserve Bank of Australia. For more information, read our latest forex news.