
NZ dollar drops to 4-month low against euro
The dollar touched a four-month low against the euro after the European Central Bank lifted its inflation forecast.
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.
The kiwi touched 70.65 US cents in an illiquid market yesterday, its lowest level since August 2010.
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 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.
Investor association slams Reserve Bank’s bid to rein in Auckland house prices, saying it will push up rents and ruin first home buyers' chances.
New lending restrictions to be imposed on Auckland property investors will do little to cool the surging market.
The dollar weakened after the Reserve Bank governor reiterated the currency was "unjustified and unsustainable".
Economics editor Brian Fallow says today's Reserve Bank move is crude, ad hoc and temporary - but it buys some time.