NZ Dollar Drops Even as Building Consents Climb to Multi-Year Record

The New Zealand dollar fell today despite positive domestic macroeconomic data released during the current trading session.
Stats NZ reported that the number of building consents rose 5.7% in February from a year ago on a seasonally adjusted basis. The number of consents for new townhouses, flats, and units reached a 23-year high. The indicator showed no change in the prior month.
NZD/USD slipped from 0.7211 to 0.7191 as of 10:16 GMT today. EUR/NZD rose from 1.7060 to 1.7105 and reached 1.7140 intraday.

If you have any questions, comments or opinions regarding the New Zealand Dollar,
feel free to post them using the commentary form below.