NZD tumbling further, under 0.7100

The New Zealand dollar commenced falling on the housing affordability measures announced earlier in the session and has not relented.

Its hitting a 3 month low under 0.71 now.

The New Zealand dollar commenced falling on the housing affordability measures announced earlier in the session and has not relented.

The Reserve Bank of New Zealand is having a cracker of a day – the pressure is off it to come with housing affordability solutions and the kiwi $ is lower! 

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