Investors yawned at the news that five of the world's biggest banks agreed to plead guilty in a currency-rigging probe.
The dollar fell to a four-year low against the British pound after UK retail sales rose more-than-expected.
The dollar held near the bottom end of its recent trading range as investors weighed up interest rates cuts.
ASB has followed the lead of ANZ and Kiwibank and slashed its fixed mortgage rates.
Mortgage Rates Provided by Interest.co.nz
|ANZ||1 year fixed||5.59%|
|ASB||1 year fixed||5.99%|
|Kiwibank||1 year fixed||5.39%|
|Westpac||1 year fixed||5.59%|
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Savings Rates Provided by Interest.co.nz
The dollar fell as the greenback strengthened following better-than-expected US housing data.
Westpac could join a mortgage-rate battle after Kiwibank and ANZ slashed their home loan rates.
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The New Zealand dollar declined as the greenback strengthened on optimism the US economy will rebound.