New Zealand Building Consents Rise, NZ Dollar Goes Higher

The New Zealand dollar gained today. Domestic macroeconomic data released overnight was good, but it does not seem to contribute much to the currency’s rally.
Statistics New Zealand reported that the seasonally adjusted number of building consents increased 1.5% in October from the previous month. The increase followed the 1.3% drop in September. Year-on-year, the indicator rose 6.7%.
NZD/USD edged up from 0.6857 to 0.6868 as of 13:36 GMT today. EUR/NZD dropped from 1.6602 to 1.6547.

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