New Zealand Building work done for Q1 2021: +3.7% q/q (expected +3%, prior -1.5%)

New Zealand data for construction work done in the first quarter of this year.

• residential construction +4.3% q/q (demand for homes in NZ is surging)
• non-resi +2.6% q/q

NZD barely changed, up a few tics. NZD/USD had a big drop during EU/US times:

• US indices slumped, 'risk' FX lower. How did you all enjoy the Fed taper sneak preview?