New Zealand data - December 2022 Building permits -7.2% m/m (prior +6.7%)

Data from Stats NZ, comment from the report:

• “The annual number of homes consented remained high but is still below the peak of 51,015 recorded in the year ended May 2022,”
• The trend for the number of new homes consented peaked in early 2022 and has decreased slightly since then. Trend estimates reveal the smooth and slowly changing features in a time series after removing varying seasonal effects. 

NZD/USD NZD/USD Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Understanding NZD/USD: A Comprehensive GuideThe NZD/USD is a commonly offered currency pair representing the New Zealand dollar or Kiwi and US dollar. The pair is popular for exposure to a commodity currency, i.e. the NZD, which helps capture the risk appetite of forex traders. Like its Antipodean counterpart, the Australian Dollar, the NZD/USD is seen as a carry trade, due in part to interest rate differentials which favor the NZD. The NZD is the world’s seventh most liquid pair at the time of Read this Term not a lot changed. The kiwi $ rose overnight after the FOMC and Powell, along with other FX against the USD.

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