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 may advance this week as traders have already priced in a weaker dairy sector.

The New Zealand dollar rose as high as 66.36 US cents due to volatile trading over the weekend.

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.

The dollar fell as the prospect of more easing by the Reserve Bank dented the appeal of the kiwi.

The dollar has rallied after what the markets perceived as a more optimistic view of the economy from Reserve Bank Governor Graeme Wheeler.

The dollar rose on speculation Wheeler may soften his language about an easing bias, and after stocks rebounded.

The kiwi dollar has risen to a six-and-a-half week high against the Aussie after a slump in Chinese equities markets.

The dollar fell after signs of weaker Chinese manufacturing activity dented demand for commodity currencies.

The New Zealand dollar held onto some of its gain after the Reserve Bank yesterday cut the benchmark interest rate.

Banks reduce mortgage rates on the back of Reserve's announcement - and it's likely the OCR will fall further.