The NZ dollar fell to a fresh one-year low against the US amid speculation the RBNZ may have intervened to push down the value of the local currency.

The NZ dollar slumped to its lowest in more than a year after RBNZ governor Graeme Wheeler jawboned it through a key support level of 80 US cents.

The New Zealand dollar could fall significantly over the next six to nine months and the Reserve Bank would welcome that, says Governor Graeme Wheeler.

Reserve Bank Governor Graeme Wheeler says the NZ dollar is susceptible to a "significant downward adjustment," in a statement issued today.

The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.

Aucklanders reportedly flocked to open homes on Sunday, surer of their spending power post-election.

The dollar advanced after the incumbent National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.

Wages continued to grow more slowly than output per person over the past year.

The Kiwi dollar dropped to a seven-month low after the US Fed raised its expectation for the level of interest rates by the end of next year.

There are minefield of promises across the parties when it comes to KiwiSaver and superannuation. Money editor Tamsyn Parker takes a look.

NZ food prices rose in August, paring the previous month's fall, as more expensive tomatoes, lettuce and broccoli offset discounted breads.

House sales fell 7 per cent in August according to REINZ figures as the upcoming election adds another uncertainty for buyers.

The dollar held below 82 US cents overnight after the Reserve Bank yesterday reiterated that is too high and signalled interest rates would remain on hold.

What should an inflation-targeting central bank do when inflation is proving unexpectedly slow to make an appearance?

In an effort to lower rates and weaken the currency, Labour is pledging to broaden the RBNZ's policy goal by re-writing its main objective.

The Reserve Bank still sees interest rate increases in our future but fewer and further between than it foreshadowed three months ago, writes Brian Fallow.

Interest rates have been held at 3.5pc as Graeme Wheeler signals he won't be as aggressive with future hikes.