NZ dollar holds near 3-month low as RBNZ shows LVR’s kick in

Thu, 28 Nov 2013

Nov. 28 (BusinessDesk) - The New Zealand dollar held near a three-month low after Reserve Bank figures showed its loan restrictions on low equity mortgages are slashing levels of highly leveraged borrowing by home buyers. The kiwi traded at 81.66 US cents at 5pm in Wellington from 81.24 cents at 8am, and down from 81.92 cents yesterday. It fell as low as 81.13 cents yesterday. The trade-weighted index declined to 76.73 from 76.94 yesterday. New Zealand’s central bank figures today showed just 11.7 percent of new home lending was being writte...

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