
NZ dollar falls below 70 US cents
The NZ dollar touched 69.41 US cents ahead of the New York close, the lowest level since July 2010.
The NZ dollar touched 69.41 US cents ahead of the New York close, the lowest level since July 2010.
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.
Banks have slashed mortgage rates this morning in reaction to the Reserve Bank cutting the Official Cash Rate to 3.25 per cent.
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.
QV's latest figures show NZ house values have risen at the fastest pace in 15 months.
The kiwi touched 70.25 US cents over the weekend, its lowest level since August 2010.
Too many drivers are keeping the Auckland property market hot, and experts see little or no change, as David Maida discovers.
The day of the Kiwi quarter-acre dream is a dream of yesteryear, especially for those of us who call Auckland home.
Auckland prices have been rising faster than elsewhere in the country, due to recent action by the Reserve Bank and the Govt.
The dollar touched a four-month low against the euro after the European Central Bank lifted its inflation forecast.
Wall St higher overnight amid optimism Greece will reach a deal with international creditors soon.
The dollar rose even after dairy product prices unexpectedly fell in the latest GlobalDairyTrade auction.
Building consents fell in April, after the previous month's strong gain, as intentions to build houses decreased.
The dollar dropped to its lowest in more than four years on concern about the outlook for the economy.
Reserve Bank will disappoint financial markets and leave the official cash rate on hold for another two years, says NZIER.
The economy is expected to grow at about 3 per cent a year out to 2017, driving jobs growth and reducing unemployment, says the NZIER.
Strong employment growth is pushing the US economy close to the point where it can support higher interest rates.
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.