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Dairy fall could dent the kiwi dollar
Falling dairy prices could weigh on the NZ dollar and help push the currency as low as US80c against the greenback by the end of this year, says an analyst.
Falling dairy prices could weigh on the NZ dollar and help push the currency as low as US80c against the greenback by the end of this year, says an analyst.
New Zealand's unemployment rate has dropped to a five-year low as the nation's economic growth spurs firms to take on more staff.
Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar.
Auckland can expect a boost of millions to the economy with a record number of cruise ships hitting our shores.
Cheap imported carbon credits comprised 99.5 per cent of the units New Zealand emitters used to meet their obligations under the emissions trading scheme last year.
A fight over a comma in a 65-page document helped spark the collapse of the biggest trade deal in the World Trade Organization's 19-year history.
The New Zealand dollar was headed for a 0.8 per cent weekly decline as more buoyant US figures bolstered demand for the greenback and kiwi sentiment was dented by Fonterra.
Chinese company Shanghai Pengxin confirmed it is aiming to buy a $70 million North Island farm, which would be second-largest foreign purchase of New Zealand land.
Kathmandu says a cold snap last month in Australia and New Zealand helped generate more sales than anticipated.
On the floor of a conference about conferences, there's excitement mixed with a measure of frustration.
The New Zealand dollar slumped to an eight-week low as the US dollar jumped on better than expected US second quarter growth data
Exporters can only hope that the economic news out of the United States this week will reinforce, or at least not reverse.
US policy makers are studying various measures of inflation because the traditional measures can cloud the underlying trajectory.
The New Zealand dollar dropped below 85 US cents for the first time in seven weeks after Fonterra cut its forecast payout to dairy farmers.