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![NZ dollar hits record high vs euro](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ dollar hits record high vs euro
The New Zealand dollar rose has risen as high as 64.25 euro cents, its highest since the 17-nation currency entered circulation in 2002.
![NZ dollar up against US](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ dollar up against US
The New Zealand dollar rose after manufacturing data in the US unexpectedly shrank for the first time in three years.
![World shares slump as Euro summit hopes wane](/pf/resources/images/placeholders/placeholder_l.png?d=793)
World shares slump as Euro summit hopes wane
Equities slumped on both sides of the Atlantic overnight as concern prevailed that this week's two-day summit of EU leaders will produce little in the way of turning around the debt crisis.
![Andrew Gawith: Low growth and interest rates might stick](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Andrew Gawith: Low growth and interest rates might stick
The long decline in interest rates is coming to an end.
![Bernard Hickey: Smug line on dodgy inflation policy](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Bernard Hickey: Smug line on dodgy inflation policy
Inflation targeting, a monetary policy framework pioneered in New Zealand, is now widely discredited.
![GDP surges up in latest quarter](/pf/resources/images/placeholders/placeholder_l.png?d=793)
GDP surges up in latest quarter
The economy grew by 1.1 per cent in the first three months of this year, more than double the rate expected by economists. This strong growth follows revised growth of 0.4 per cent in each of the previous three quarters.