Kiwi falls against Aussie on stronger-than-expected Australian house lending

Kiwi falls against Aussie on stronger-than-expected Australian house lending
Jenny Ruth
By Jenny Ruth Sept. 9 (BusinessDesk) - The New Zealand dollar fell against the Australian dollar after better-than-expected housing finance data across the Tasman. The kiwi was trading at 93.70 Australian cents at 5pm in Wellington compared to 93.89 cents at 7:45am and at 64.23 US cents from 64.22 cents. The trade-weighted index was unchanged at 71.42 points. The Australian data for July showed that home loans rose 4.2 percent when consensus forecasts were for a 1.5 percent increase. Investment lending jumped 4.7 percent compared wi...

More Finance

FNZ settles dispute with US executives
Finance

FNZ settles dispute with US executives

Adam Green and Steve Gross resigned on the same day late last year. 

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA
Finance

Decision to cancel licence for crowdfunder Equitise ‘not taken lightly’ – FMA

Repeat offender Equitise facilitated two deals after it was deregistered last year.

Jem Traylen 17 Apr 2024
Central banks slowly winning war on inflation
Finance

Central banks slowly winning war on inflation

But policymakers remain wary of rising prices. 

Bloomberg 16 Apr 2024
Greenslade to step down as Heartland announces Aus leadership
Finance

Greenslade to step down as Heartland announces Aus leadership

Heartland expects to complete the Challenger Bank acquisition by April 30. 

Staff reporters 08 Apr 2024