• AUD/USD remains on the back foot early, capex data no help

• AU Q4 capex -0.2% (Reuters poll +0.8%, prev +1.6%, revised up)

• Lower expenditure on plant & equipment (-0.8% q/q) a key concern

• China bank stimulus news lending AUD some support, likely short-lived

• U.S. economy and policy concerns continue to drive risk-off sentiment

• U.S. data due Thur: durable goods, preliminary GDP, jobless claims

• AUD range Asia 0.62985-0.6314, support 0.6230, resistance 0.6330 0.6415
AUD midday

(James Connell is a Reuters market analyst. The views expressed are his own.)