The AUD has barely budged, but is a fraction lower, after the release of the worsening Business Confidence and Business Conditions numbers from the National Australia Bank.

  • Confidence to -1 in October (was Zero in September)
  • Business Conditions to -5 in October vs. -3 in September

AUD at 1.0415

Added, via Reuters:

  • Australian business conditions fell in October to their weakest levels in more than three years
  • measure of capital expenditure fell to its lowest level since August 2009
  • Mining capex also edged lower
  • report’s measure of sales slipped 1 point to -3
  • profitability also eased 1 point to -6
  • forward orders up 2 points to -5 in the month, but still pointed to continued soft near-term demand
  • Employment conditions also weakened across all industries, except the transport & utilities, which reported a solid rise.