New Zealand data - November building permits +7% m/m (prior -10.7%)

For the y/y building consents come in at +3.2%

Stats NZ on the big bounce from October:

• “Home consents remain at high levels mainly due to the continued rise in the number of multi-unit homes being consented,”

NZD/USD is barely changed. Traders awaiting the US CPI inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term data due Thursday for 'risk' sentiment guidance.

• JP Morgan are forecasting lower than expected US CPI data on Thursday, & stocks higher
• Preview: All eyes on Thursday's UP CPI report with Goldman Sachs and CIBC seeing a miss