NZ dollar holds steady as RBNZ Financial Stability Report awaited

Tue, 12 May 2015

By Tina Morrison May 13 (BusinessDesk) - The New Zealand dollar was little changed as investors await an update on the Reserve Bank's view of Auckland's bubbling housing market as part of its Financial Stability Report this morning. The kiwi was at 73.63 US cents at 8am in Wellington, from 73.60 cents at 5pm yesterday. The trade-weighted index slipped to 75.98 from 76.17 yesterday. Traders will scour the latest financial stability report for signs of any further action the central bank could take to introduce further lending restrictio...

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