Day: July 29, 2008

Building Approvals Slump in New Zealand

The New Zealand dollar fell significantly against the other currencies today after the release of the report that showed that the home-building approvals in the country declined to the lowest level in almost 22 years in June. According to a report released yesterday at 22:45 GMT, the approvals fell 20 percent compared to May to 1,337 on a seasonally adjusted basis. That’s the lowest reading for this indicator since October 1986. […]