Dollar drops to 4-year low
The dollar dropped to its lowest in more than four years on concern about the outlook for the economy.
The dollar dropped to its lowest in more than four years on concern about the outlook for the economy.
The economy is expected to grow at about 3 per cent a year out to 2017, driving jobs growth and reducing unemployment, says the NZIER.
A slump in dairy exports weighed on the trade balance last month.
The dollar changed little overnight with major markets in the US and the UK closed for public holidays.
It's crunch time for dairy farmers this week when Fonterra releases its farmgate milk price forecast for the coming 2015/16 season.
The NZ fell as the US dollar strengthened following signs of rising US inflation.
Transport Minister Simon Bridges takes over as head of the International Transport Forum as the organisation tackles ways to boost global trade and tourism at its annual gathering.
More than six months into the great oil price crash, US growth remains sluggish and cautious US consumers have banked the savings, writes Liam Dann.
Zespri International, which controls exports of New Zealand kiwifruit, more than doubled annual profit.
Australia's live animal export trade is once again under a harsh spotlight amid claims that cattle are being bludgeoned to death with sledgehammers in Vietnam.
Trade Minister Tim Groser said he was not aware his last name had been turned into a verb: "Grossing".
The dollar fell as the greenback strengthened following better-than-expected US housing data.
There's been another fall in world dairy prices, with the GDT index down to its lowest level since August 2009.
Lydia DePillis asks if all the secrecy around the Trans-Pacific Partnership is really worth the price.
Producer input and output prices fell in the first quarter, reflecting lower fuel costs and weakness in prices of meat and dairy products.
The New Zealand dollar declined as the greenback strengthened on optimism the US economy will rebound.
Farm prices have continued to rise, despite the near halving of milk prices over the last year, according to REINZ.
The New Zealand dollar fell after the government stepped up measures to curb Auckland's bubbling housing market.
Wool auction volumes are set to increase next week as farmers who have been holding out put their bales on the market.
Hillary Clinton has fallen silent on the TPP, an interesting departure from her statements as the nation's top diplomat.
Retail sales boomed in the first three months of the year, in what may be an early sign of the "wealth effect" with rising house prices boosting confidence.
Share trading platform Unlisted is applying for an exemption from the Financial Markets Authority.
McVitty Properties has completed its liquidation, leaving creditor BNZ with a shortfall of about $2.6 million.
The NZ dollar advanced against the US stoking speculation the Federal Reserve will delay hiking interest rates.
The dollar weakened after the Reserve Bank governor reiterated the currency was "unjustified and unsustainable".
The Reserve Bank has singled out the New Zealand dairy sector as an "area of risk" for the financial system.
The NZ dollar has held steady overnight ahead of the Reserve Bank's Financial Stability Report.