Business

NZD higher after RBNZ announcement

The New Zealand dollar was higher against the US dollar after the Reserve Bank relaxed curbs on high-risk mortgage lending and said financial stability risks have eased.

The kiwi traded at 67.94 US cents at 5pm in Wellington versus 67.87 cents at 8am in Wellington and 67.64 cents yesterday. The trade-weighted index advanced to 74.37 from 73.96.

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