NZDUSD Intra-Day Fundamentals - ANZ Business Confidence and 28 pips price movement

• past data is 30.2
• forecast data is n/a
• actual data is 15.7 according to the latest press release

if actual > forecast (or previous data) = good for currency (for NZD in our case)

[NZD - NBNZ Business Confidence] = Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.

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• "Business confidence and firms’ signals on the employment, investment and activity front are receding. They’re receding from high levels though, so let’s keep it in perspective.
• The growth side of the economy still looks okay; optimism is just progressively being tempered. There are risks though, and declines are looking more trend-like.
  
• Inflation expectations fell to a historical low. A low headline inflation rate will be playing a role, but it’s notable that inflation expectations are tracking below the inflation target midpoint; that’s unusual."

NZDUSD M5: 28 pips price movement by NZD - NBNZ Business Confidence news event :