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Dollar little changed after dip in dairy prices
The dollar was little changed, holding below 70 US cents, after a relatively small decline in dairy prices.
The dollar was little changed, holding below 70 US cents, after a relatively small decline in dairy prices.
Dairy prices slipped again at this morning's GlobalDairyTrade auction, the GDT price index falling by 1.3 per cent.
The NZ dollar has slipped against the euro as breakdown in Greek debt negotiations stoke fears it will leave the Euro.
Wall St moved lower overnight amid concern about the hardening of stances in talks between Greece and its international creditors as this month's deadline looms large.
Economists expect the pace of economic growth to have slowed when the March quarter national accounts are released on Thursday.
House prices in Hong Kong have risen at the fastest pace of any country in the world over the 12 months to March.
More falls in dairy prices are expected in the next few months, but futures market pricing suggests a mild bounce-back might take place at tomorrow's GlobalDairyTrade auction.
The NZ dollar touched 69.41 US cents ahead of the New York close, the lowest level since July 2010.
The double digit rise in the average pay packets for New Zealand's top chief executives is likely to stir some controversy, writes Liam Dann.
Australia's house price gains are expected to slow although prices are unlikely to fall in the near-term, an investment bank says.
Auckland needs to grow "up" and it needs political leadership to convince those on the isthmus to embrace that growth, writes Bernard Hickey.
The fire's stoked, the Conclave's met, the white smoke has belched: Auckland University has pontificated what we must do next, writes Rodney Hide.
"Not at all" was governor Graeme Wheeler's response when asked on Thursday if the Reserve Bank had made a policy mistake last year in raising interest rates.
There have been good crowds reported at this year's Fieldays event near Hamilton.
William Pesek on considering the cost of China's stock boom - the biggest being President Jinping's economic reform program.
Editorial: At first glance, there was an odd aspect to the Reserve Bank's decision to cut the official cash rate to 3.25 per cent.
The New Zealand dollar could fall as low as US60c against the greenback this year following today's official cash rate cut, a market strategist says.
A cruise industry leader says the falling Kiwi dollar against the United States currency could be an impediment to growth in cruising by New Zealanders.
$6.5 trillion: the value created in 12 months of trading on Chinese stock exchanges. Has it all gone too far?
Banks have slashed mortgage rates this morning in reaction to the Reserve Bank cutting the Official Cash Rate to 3.25 per cent.
Australian Treasurer Joe Hockey has again been accused of being out of touch with everyday economic realities after advising would-be home-buyers facing spiralling prices to get "a good job .......
Kiwis spent more on their electronic cards in May, as increased retailing of consumables offset a flat month.
The NZ dollar edged up ahead of the Reserve Bank's monetary policy statement tomorrow.
NZIER’s shadow monetary policy board favours an on-hold decision when the Reserve Bank reviews the official cash rate.