Dollar little changed as major markets close
The dollar changed little overnight with major markets in the US and the UK closed for public holidays.
The dollar changed little overnight with major markets in the US and the UK closed for public holidays.
The NZ fell as the US dollar strengthened following signs of rising US inflation.
William Pesek grades Park Geun Hye of South Korea, Benigno Aquino of the Philippines and Joko Widodo of Indonesia.
How have things fared since then for Asia's "Axis of Reform"? Not very well, unfortunately, says William Pesek.
Willie Pesek asks if China's central bank is up for the responsibility of helping steer the world's second biggest economy.
The dollar fell to a four-year low against the British pound after UK retail sales rose more-than-expected.
The dollar held near the bottom end of its recent trading range as investors weighed up interest rates cuts.
ASB has followed the lead of ANZ and Kiwibank and slashed its fixed mortgage rates.
The dollar fell as the greenback strengthened following better-than-expected US housing data.
The New Zealand dollar declined as the greenback strengthened on optimism the US economy will rebound.
The New Zealand dollar fell on speculation that potential developments could give the bank more room to cut interest rates.
The New Zealand dollar fell after the government stepped up measures to curb Auckland's bubbling housing market.
The NZ dollar advanced against the US stoking speculation the Federal Reserve will delay hiking interest rates.
The Reserve Bank has abandoned its one-size-fits-all approach to loan-to-value ratio curbs recognising house price inflation is an Auckland problem.
New lending restrictions to be imposed on Auckland property investors will do little to cool the surging market.
Economics editor Brian Fallow says today's Reserve Bank move is crude, ad hoc and temporary - but it buys some time.
The Reserve Bank's new lending restrictions will make banks' books safer but may fail to cool the Auckland's housing market.
Reserve Bank targets Auckland property investors with new lending restrictions as it looks to take the heat out of the market.
Landlords says tenants will suffer from the Reserve Bank's 30 per cent rental property LVRs and rentals will become scarce.
The NZ dollar has held steady overnight ahead of the Reserve Bank's Financial Stability Report.
The Auckland region median dwelling sale price remained frozen over the last month at $720,000, but dropped in three areas.
New, Auckland-only rules for property lending may be unveiled as early as tomorrow morning.
The NZ dollar touched 92.82 Australian cents, its lowest level since late January, as traders price in rate cuts.
The dollar may decline this week as economists bet the Reserve Bank will start cutting interest rates as early as next month.