Jerome H. Powell
took office as FOMC
member on May 25, 2012, to fill an unexpired term ending January 31, 2014. His comments may affect dollar, an therefore trigger a short term movement positive or negative trend.
It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Usual Effect 'Actual' greater than 'Forecast' is good for currency