New Zealand October building approvals +8.8% m/m (vs. prior +3.6%)
Read full post at forexlive.com
Building consents data from NZ, up 2.8% y/y
- Almost 38,000 new homes were consented in the year to October 2020
- the highest number since 1974
NZ eco data continues along its improving path.
NZD/USD is a bit of a laggard but is benefitting to some extent from the weak USD.
CAD, AUD, EUR all looking stronger.