New Zealand: New macroprudential rules credit positive for banks - Fitch

FXStreet (Bali) - According to Fitch Rating Agency, new macroprudential rules on residential property investment loans in New Zealand are a credit positive event for NZ banks.

May 14, 2015

AUD/USD off multi-month highs, Dalian iron ore weighs

Dalian iron ore has fallen sharply off the highs, currently down more than 3%, with the move probably weighing on the reversal seen in the Aussie off its highs.

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May 14, 2015

NZD/USD off weekly highs, near 0.7530

The New Zealand prolongs its upwards trajectory against the American dollar in the mid-Asian session, with NZD/USD extending beyond 0.75 barrier. The Kiwi rallied in early Asia after the NZ retail sales unexpectedly came in much better than market forecasts with the Kiwis splurging big time last quarter.

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