The dollar rose as traders delayed their expectations for US interest rate hikes, broadly weakening the greenback.

The New Zealand dollar gained as traders pare back bets for the Federal Reserve to hike interest rates next month.

The dollar jumped after US Fed minutes pushed out expectations for a US interest rate hike, damping greenback demand.

Wall St fell overnight after Fed minutes suggested interest rates may not be lifted next month.

The dollar was little changed after dairy product prices jumped as expected at auction overnight.

The NZ dollar rose ahead of tonight's GlobalDairyTrade auction amid expectations whole milk powder prices may gain.

The rebound came as China intervened in the market to stabilise its currency, which had declined sharply.

Wall Street was mixed, recovering from steeper losses, as investors reassessed the impact of China's currency devaluation.

The NZ dollar edged lower in Northern Hemisphere trading as investors weigh the impact of China's currency devaluation.

The NZ dollar fell sharply yesterday after the US dollar spiked higher in response to China's 1.9 per cent devaluation of the yuan.

The kiwi dropped as low as 65.50 US cents, from 66.27 cents at 1pm, and was recently trading at 65.60 cents.

The dollar consolidated overnight as comments from Federal Reserve officials kept expectations intact for a rate hike.

The kiwi rose to 42.22 British pence ahead of the Bank of England's policy review on Thursday in London.

Gold futures have fallen for the second time in three days amid mounting speculation that the US Fed will raise interest rates.

The kiwi dipped below US65c for the first time in six years as better than expected US data revived optimism.

The kiwi was hit by a double whammy as dairy prices fell and a report stoked speculation the Fed would hike interest rates.

Wall Street fell overnight amid concern about the outlook for worldwide economic growth and corporate profits.

Home values on Auckland's North Shore are up 17.6 per cent year-on-year and a huge 6.2 per cent since May.

The decline occurred ahead of the Reserve Bank of Australia's decision on interest rates today.

Hinds County bucked the trend when it netted US$6.7 million in an interest rates swap deal with a New York derivatives dealer.

Weak data on US employment costs prompted traders to pull back expectations for US interest rate hikes.