NZ data barely shifting the NZD needle - building approvals higher on the month

New Zealand - Building permits (consents) for February are +5.7% m/m

  • prior +0.2% m/m

This is a volatile data set. I posted earlier that while there is no survey of expectations conducted the few reports I had seen were expecting a gain for the number. Done!

Aaaaannndddd - market does not care.

Give us some:

  • politics
  • some North Korea
  • some USD end of months jiggery
  • and what have you

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