New Zealand December building consents +3.7% m/m (prior -10.6%) ...Middle East

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New Zealand December building consents +3.7% m/m (prior -10.6%)
For the y/y down 25%Stats NZ on the y/y drop, not a good result at all:“The number of homes consented in 2023 was down from 49,538 in 2022, which was the highest number in a calendar year since records began”Longer term view:NZD/USD is nudging to new highs compared with the overnight session. The USD was weak across the board. Risk caught a bid and bounced back strongly from the FOMC day selloff. This article was written by Eamonn Sheridan at www.forexlive.com.

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