A review of things you need to know before you go home on Friday; NZ$ faces more downward pressure, Harmoney targets $100m of loans, apartment auction produces astounding result

Here are the key things you need to know before you leave work today.

TODAY'S MORTGAGE RATE CHANGES
There were no changes today.

TODAY'S DEPOSIT RATE CHANGES
There were no changes today.

NZ DOLLAR LIKELY TO TO FALL FURTHER
The NZD has severely underperformed its peers over the past 24 hours. It now sits almost 2% lower relative to the USD, at US79.46c. In the absence of data flow the NZD had been idling sideways yesterday morning. Then the RBNZ delivered a bombshell.

HARMONEY AIMS TO LEND $100M IN FIRST YEAR
Peer-to-peer lender Harmoney says it has lent $2m to date but is aiming for $100m in loans in its first year, but is rejecting 70-80% of the applications it receives.

MASSIVE JUMP IN APARTMENT PRICE REFLECTS MARKET CONFIDENCE
An Auckland apartment purchased just two months ago for $290,000 was resold at auction this week for $350,000. At the same auction both owner-occupied and investment apartments attracted strong bidding, suggesting the current residential property boom still has plenty of puff.

FMA OUTLINES CONCERNS OVER BANKS' KIWISAVER TACTICS
Financial Markets Authority boss Rob Everett said the organisation has some concerns about the way banks are encouraging people to switch KiwiSaver providers, although he doesn't see the issue as a systemic problem.

WHOLESALE RATES
Swap rates are mixed with small rises occurring in the short end and equivalent falls in the longer end. The 90 day bank bill rate is unchanged at 3.73%.

OUR CURRENCY
Check our real-time charts here. The Kiwi dollar rebounded slightly in early morning trade after being hammered overnight. The NZD is currently 79.4 USc and 90.3 AUc. The TWI currently sits at 77.15.

You can now see an animation of this chart. Click on it, or click here.