New Zealand Building Permits decline by 10.6% versus forecast 8.5% increase
New Zealand Building Permits fell to a 15-month low of -10.6% in November, falling well short of the market forecast of an 8.5% increase.
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New Zealand Building Permits fell to a 15-month low of -10.6% in November, falling well short of the market forecast of an 8.5% increase.
NZD/USD moves on an upward trajectory, extending gains for the third successive session.
NZD/USD moves sideways with a negative bias, hovering around 0.6230 during the early European trading hours on Friday.
The NZD/USD kicked into an early intraday peak of 0.6286 in the first half of Thursday’s trading, propped up by Chinese Services Purchasing Managers’ Index (PMI) figures beating expectations, but a surge in US labor and jobless claims sees investors pulling back to familiar midranges ahead of Friday’s US Nonfarm Payrolls (NFP labor print.
NZD/USD retraces its recent losses, trading higher around 0.6280 during the European session on Thursday.