The seasons in George R.R. Martin's "Game of Thrones" aren't regular or celestial, just like business cycles.

Labour leader Andrew Little says the Reserve Bank should target property speculators to ease the pressures on the Auckland housing market.

The New Zealand dollar has slipped to 98.84 Australian cents from 99.03 cents yesterday ahead of Australian employment data today.

Andrew Little says a speech from the Reserve Bank deputy governor was effectively saying there was a housing crisis – something John Key had refused to accept.

The New Zealand dollar has risen to a fresh record against the euro and commentators say it is likely to continue to break new ground.

The NZ dollar has risen to a new post-float high against the Australian dollar - the closest it has come to parity since being allowed to trade freely in 1984.

Houses in eight Auckland suburbs south of the CBD topped national value rises, up a "whopping" 17.9 per cent annually, according to QV data just out.

The New Zealand dollar continues its almost daily flirtation with Aussie dollar parity, reaching another record high on the cross rate as expectations began to mount that the Reserve Bank of Australia would soon cut its official interest rate for the seco

US Federal Reserve chair Janet Yellen said that rates would remain low "for some time" while the economy continues to recover.

The New Zealand dollar rose to a record against the Australian dollar on speculation the Reserve Bank of Australia will cut interest rates again.