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A review of things you need to know before you go home on Thursday; house prices up, transaction levels stable, factories busy hiring, consumer sentiment falls but high, food price rises low

A review of things you need to know before you go home on Thursday; house prices up, transaction levels stable, factories busy hiring, consumer sentiment falls but high, food price rises low
For Thursday, November 13, 2014. <a href="http://www.shutterstock.com/">Image sourced from Shutterstock.com</a>

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

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

TODAY'S DEPOSIT RATE CHANGES
No changes today here either.

UP, BUT ...
There is a sinking trend for residential real estate volumes, despite higher median prices in October and higher volumes then than in September.

FOOD PRICES RISE MODESTLY
In the year to October 2014, food prices increased 0.9%, following a 0.1% decrease in the year to September 2014. Restaurant meals and ready-to-eat food prices increased 1.6%. Fruit and vegetable prices increased 2.6%, with higher prices for lettuce, carrots, nectarines, and courgettes. Grocery food prices decreased 0.2%, with lower prices for bread and cereals (down 3.2%) due to lower bread prices. Supermarkets discounted some of their own-brand bread to about $1.00 in recent months. These price decreases were partly offset by higher prices for fresh milk (up 6.2%) and cake and biscuits (up 3.6%).

FACTORIES HEALTHY
Employment activity reached its highest level as the manufacturing sector continued to show stronger expansion during October.

NOVEMBER RAIN
We’re still a nation of overwhelming optimists but consumer sentiment continues to soften, according to the ANZ Roy Morgan survey of consumer confidence. ANZ's composite growth indicator – which wraps together consumer and business sentiment – continues to signal strong growth.

WHOLESALE RATES
Domestic swap rates were higher across the curve again today,up +1 bp to +3 bps. The 90 day bank bill rate is down -1 bp today at 3.67%.

OUR CURRENCY HOLDS
Check our real-time charts here. The NZ dollar drifted sideways for most of today after a stronger night last night. Against the US dollar it is now at 78.8 USc, at 90.4 AUc, and the TWI is at 78.0.

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

Daily exchange rates

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Daily benchmark rate
Source: RBNZ
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End of day UTC
Source: CoinDesk

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