The NZD/USD has seen a rollercoaster ride over the past 24hours, but opens this morning just 0.1% higher at 0.8670.Yesterday, domestic data remained strong at heart. The ANZBusiness Outlook survey saw its headline number fall, but wejudge an increase in seasonally-adjusted terms – from +64.8 to+68.9. The headline weakness in building permits was alsooverplayed, with a 22% y/y increase in ex-apartment consentsmore reflective of the strong trend. In all, considerablemomentum remains in the domestic economy.
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