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.

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