NZD/USD flows: RBNZ Will Ease mortgage loan-to-value restrictions

RBNZ’s confirmed that it will ease mortgage loan-to-value restrictions on 1st December, rising 5% for both owner-occupiers (with an LVR above 80%) and investor (with an LVR above 70%). Combined with stronger tier two data, the Kiwi is outperforming majors on Friday.

NZD/USD is trading 0.59% higher at 0.5687.