Dollar little changed as major markets close
The dollar changed little overnight with major markets in the US and the UK closed for public holidays.
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.
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The dollar fell to a four-year low against the British pound after UK retail sales rose more-than-expected.
The dollar held near the bottom end of its recent trading range as investors weighed up interest rates cuts.
Zespri International, which controls exports of New Zealand kiwifruit, more than doubled annual profit.
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.
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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.
New Zealand shares rose yesterday, paced by Genesis Energy, Contact Energy and Mighty River Power in a relief rally as Meridian Energy's instalment came due.
The New Zealand dollar fell on speculation that potential developments could give the bank more room to cut interest rates.
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.
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.
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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.
Nike said if a trade deal with 12 Pacific Rim countries crossed the line the company might create 10,000 jobs in the US.
Graeme Hart's Rank Group confirmed it plans to sell down its stake in Carter Holt Harvey in an initial public offering.
The NZ dollar touched 92.82 Australian cents, its lowest level since late January, as traders price in rate cuts.
Fonterra will late this month release its milk price forecast for 2015/16 and indications are that it will be towards the lower end of market expectations.