A review of things you need to know before you go home on Tuesday; Co-op Bank cuts mortgage rates, NZCU Baywide raises TD rate, dairy futures turn up, Kiwibank leverage high, swaps stable, NZD stable

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

TODAY’S MORTGAGE RATE CHANGES
The Co-operative Bank has reduced its 3 and 4 year fixed rates today to 4.75% and 4.89% respectively.

TODAY’S DEPOSIT RATE CHANGES
NZCU Baywide increased their 18 month TD rate from 4.10% to 4.15%.

AN ALTERNATIVE
Having issues with your investment in Fonterra? You will soon be able to invest in China Dairy Corporation which is promoting its plan to list on the ASX early next year. Less pesky regulations to worry about that might diminish returns …

A DECADE LOW
Stock in the world’s largest miner, BHP Billiton, touched a fresh decade-low this morning after the price of iron ore dropped below $US45 a tonne.

HIGH ASSET PRICE
The NZX50 is hovering around record highs today at 6100.

TURNING BACK UP
Dairy futures pricing is suggesting increases are likely at the next GDT auction. At the last auction, WMP pricing was US$2,148/MT. The derivatives market is now signaling US$2,220/MT, a +3.3% rise. Further out (March 2016) pricing suggests US$2,500/MT, a +16% rise.

HIGH LEVERAGE
The initial data is in for ANZ, ASB and Kiwibank for their September 2015 leverage readings. We will update this detail as it come to hand. Kiwibank has a problem with high and rising leverage.

WHOLESALE RATES HOLD
Local wholesale swap rates slipped -1 bp across all terms today. The 90 day bank bill rate is down -2 bps at 2.85%.

NZ DOLLAR MOVES SIDEWAYS
Our currency has wobbled around a fairly tight range today, back just marginally higher than yesterday. It is now at 65.3 USc, at 90.7 AUc and 61.3 euro cents. The TWI-5 is now at 70.9. Check our real-time charts here.

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

Daily exchange rates

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var chart_subtitles_arr= ["Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate","Daily benchmark rate"];
var tab_titles_arr= ["US$","AU$","TWI","u00a5en","u00a5uan","u20acuro","GBP"];
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// to generate the format for date representation in x axis

var timestamweek = 604800000;
var timestamday = 86400000;
var timestammonth30 = 2592000000;
var timestammonth31 = 2678400000;
var timestamyear = 31536000000;
var timestamquarterly = 7776000000;

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//+++++++++++++++++++++++++++++++++++
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mm= "08";
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mm= "11";
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var timestam2 = Date.parse(date2);
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do {
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var k3=k;

var dd= fomat.substring(0,k1);
var mm = fomat.substring(k1+1,k2);
var current_year=""+new Date().getFullYear();
var c_year=Number(current_year.substring(2,4));
var c_data=Number(''+fomat.substring(k2+1,k3+1));
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var yy = “19”+fomat.substring(k2+1,k3+1);
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//+++++++++++++++++++++++++++++++++++
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mm= “05”;
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mm= “06”;
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mm= “09”;
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mm= “10”;
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mm= “11”;
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mm= “12”;
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var timestam_1 = Date.parse(date);
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var dd2 = time4.getDate();
var mm2 = time4.getMonth();
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var ahref_title=”Click here for full story”;
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var yy3 = yy2+””;
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mm2 = “Feb”;
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mm2 = “Apr”;
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mm2 = “Jul”;
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//+++++++++++++++++++++++++++++++++++
if (mm == "Jan")
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mm= "01";
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else if (mm == "Feb")
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mm= "02";
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else if (mm == "Mar")
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mm= "03";
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else if (mm == "Apr")
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mm= "04";
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mm= "05";
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mm= "06";
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else if (mm == "Jul")
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mm= "07";
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else if (mm == "Aug")
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mm= "08";
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mm= "09";
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mm= "10";
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mm= "11";
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else if (mm == "Dec")
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mm= "12";
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//here flagAr may be
var timestam = Date.parse(date);
var time4 = new Date(timestam);
var Weeko = time4.getDay();
var dd2 = time4.getDate();
var mm2 = time4.getMonth();

var yy2 = time4.getFullYear();
var yy3 = yy2+"";
var yy4= yy3.substring(2,4);
//++++++++++++++++++++++++this for days conversion++++++++++++++++++++++++++++
if (Weeko==1)
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else if (Weeko==2)
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Weeko = "Fri";
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else if (Weeko==6)
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Weeko = "Sat";
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else if (Weeko==0)
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Weeko = "Sun";
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//+++++++++++++++++++++++this is for month conversion+++++

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mm2 = "Jan";
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mm2 = "Feb";
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else if (mm2==2)
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mm2 = "Mar";
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else if (mm2==3)
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mm2 = "Apr";
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else if (mm2==4)
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mm2 = "May";
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else if (mm2==5)
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mm2 = "Jun";
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else if (mm2==6)
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mm2 = "Jul";
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else if (mm2==7)
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mm2 = "Aug";
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else if (mm2==8)
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mm2 = "Sep";
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else if (mm2==9)
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mm2 = "Oct";
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mm2 = "Nov";
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else if (mm2==11)
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mm2 = "Dec";
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//++++++++++++++++++++++++++++++++++++++++

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fomat2=dd2+"-"+mm2+"-"+yy4;
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fomat2=mm2+”-“+yy4;
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arr[i][1] = decpad;
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var xvalu=dd2+”-“+mm2+”-“+yy4;
var yvalu= String(arr[i][1]);
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updt=”Updated on “+xvalu;
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}

}
}

//other required functions

//chart configuration starts here

function getXMLHttpRequest(file) {

//var arrSignatures = [“MSXML2.XMLHTTP.5.0”, “MSXML2.XMLHTTP.4.0″,
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try
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function readCSV(locfile) {
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//req.open("POST",locfile,false);
req.send("");
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lineCSV[lineCSV.length-1]=lineCSV[lineCSV.length-1].replace(/^s*|s*$/g,"");
var fstart = -1;

for (var i=0;i=0) {
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lineCSV[fstart]=lineCSV[fstart]+","+lineCSV[j];
lineCSV[j]="-DELETED-";

}
fstart=-1;
}
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fstart = (lineCSV[i].match(/^"/)) ? i : fstart;
}

var j=0;

for (var i=0;i<lineCSV.length;i++) {
if (lineCSV[i]!="-DELETED-") {
CSV[j] = lineCSV[i];
j++;
}

}

return CSV;
}

function roundVal(val_num){
var dec = 2;
var result = Math.round(val_num*Math.pow(10,dec))/Math.pow(10,dec);
return result;
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function setdecimalpoints(deca)
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var deca1= deca;
var deca2= parseInt(deca);
if((deca1-deca2)!=0)
{
return 2;
}
else
{
return 0;
}
}
for(i=0;i

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