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.
The dollar fell as the greenback strengthened following better-than-expected US housing data.
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||5.99%|
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