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Financial stability risks remain heightened.
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Banks remain well placed to manage the current uncertainty.
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Fragmentation of global trade and finance, and ongoing uncertainty continue to present risks.
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Loan defaults have picked up, although they remain low compared to during the Global Financial Crisis.
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Strong lending standards, including loan-to-value limits have helped to restrict the amount of high risk lending in the system.
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As a small open economy, New Zealand would be exposed to any impacts on global economic activity or volatility in financial markets.
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Banks have increased their resilience to a range of shocks
The NZDUSD trades at the lowest level since April 10
Looking at the 4 hour chart, the price has entered into a modest swing area between 0.5637 and 0.56499. A move below that level will have traders looking toward 0.55836.
This article was written by Greg Michalowski at investinglive.com.