New Zealand data - December building permits -5.6% m/m (prior +4.9%)

  • NZD has jumped on the Canada news

NZ data is not shifting around the NZD, its all about Trump's tariff trade war.

The latest is:

The weekend announcement of tariffs ion China, Canada and Mexico sent the USD soaring and risk plunging.

Trump has delayed tariffs on Mexico for 30 days, and now Canda also. Those Monday moves are unwound, NZD part of the moves:

nzdusd trump tariff war delay 04 February 2025 2

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