The New Zealand Dollar dropped after data depicted construction approvals suddenly dropped, easing pressure on the Reserve Bank to switch to more contractionary monetary policy. The so-called kiwi worsened 0.1% to 85.60 U.S. cents and lost 0.1% to NZ$1.2094 versus Aussie, which remained almost unchanged and stood at $1.0353. During April 2013, the N.Z. Dollar has appreciated 2.9% versus the Australian peer and added 2.2% against the greenback, while Aussie has dropped 0.7% versus the U.S. Dollar.