Visitors and migrants continue to pile into New Zealand.
Data for March: Net migration +5330 permanent immigration (9 month low ... but annual net gain of migrants has reached a new high for the 20th month in a row)
- prior +6070
Visitor arrivals were up 52,600 (18 percent) from March 2015
A new March record (early Easter this year helping)
-
Migration numbers are not a big impact on FX on the session, but are nevertheless watched as they have helped drive housing prices.