New Zealand October building permits -0.9% m/m (prior +7.3%)

New Zealand Building Consents

-0.9% m/m

• prior +7.3%

NZD/USD is little changed around 0.5725.

Be careful of reading too much into the early pushing and shoving for FX at this time of the week:

• Monday morning open levels - indicative forex prices - 01 December 2025