Financial stability risks remain heightened.
Banks remain well placed to manage the current uncertainty.
Fragmentation of global trade and finance, and ongoing uncertainty continue to present risks.
Loan defaults have picked up, although they remain low compared to during the Global Financial Crisis.
Strong lending standards, including loan-to-value limits have helped to restrict the amount of high risk lending in the system.
As a small open economy, New Zealand would be exposed to any impacts on global economic activity or volatility in financial markets.
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.
