![NZ dollar at 'Goldilocks' level](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ dollar at 'Goldilocks' level
The NZ dollar has been trading around 65 US cents, which the Prime Minister has previously called the "Goldilocks" level.
The NZ dollar has been trading around 65 US cents, which the Prime Minister has previously called the "Goldilocks" level.
Iran, once OPEC's second-biggest producer, will boost its oil exports by 500,000 barrels a day immediately after sanctions are lifted
The dollar has since consolidated after a slump in dairy prices and benign inflation stoked expectations of interest rate cuts.
Chief Theo Spierings admits news unsettling for staff as co-op tries to reduce its payroll bill by up to $60m a year.
Liam Dann says axing 523 jobs may make financial sense to Fonterra's chiefs but the dairy slump is bigger than that.
Fonterra's board will consider its current farm gate milk price forecast for 2015/6 at its next meeting on August 7, a spokesman for the co-operative said.
The dollar plummeted after whole milk powder fell more than expected in the GlobalDairyTrade auction overnight.
Dairy prices have plunged in the latest world dairy auction, taking the Kiwi dollar down with it.
The NZ dollar weakened as Greek agreement turned investor attention to US interest rate hikes, supporting greenback.
The lower kiwi will benefit exporters such as Delegat which counts the US as its largest market.
It's impossible to know where the rout of Chinese stocks will end but there's little doubt its effects will wash over Australia one way or another, says Christopher Niesche.
The dollar weakened as Eurozone leaders stepped up their demands for Greece reforms at meetings over the weekend.
The dollar was little changed as risk sentiment improved following a bounce in Chinese equities and new Greece proposals.
"The Australian dollar is among the worst performing major currencies," a BNZ currency strategist says.
NZX says a lack of basic shareholder protections could tarnish the reputation of the country's capital markets.
"It's pretty negative, there's a lot of selling in the futures and there's not much buying - this market looks completely stuffed."
The dollar fell as commodity prices dropped on concern about waning demand.
Greece’s “no” vote on austerity measures lead to a tumultuous day of trading across equity markets – including New Zealand and Australia.
Craig Elliffe writes: The officials' paper indicates an exemption will apply when you inherit a property from a deceased estate or have transferred as part of the property settlement.
The dollar hits a five-year low as Greeks reject austerity in referendum.
Finance Minister Bill English says the current review of tariffs in the China New Zealand free trade agreement was one of the things that could benefit the dairy sector.
Leading American trade economist Professor Peter Petri is optimistic that the Trans Pacific Partnership will turn out to be less damaging to Pharmac than people fear.
A document shows the US was trying to get increased TPP protection for drug company intellectual property.
The New Zealand dollar fell after prices for the nation's largest commodity export declined in the latest GlobalDairyTrade auction overnight.
The price for NZ's key dairy export, whole milk powder, is set to decline further at tonight's GlobalDairyTrade auction.
Trade Minister Tim Groser says TPP talks should soon pick up steam, with negotiators preparing to put their real cards on the table.