The New Zealand dollar extended its decline after sinking below US70c last week for the first time in five years, with traders awaiting economic data for clues to the track of interest rates.

More falls in dairy prices are expected in the next few months, but futures market pricing suggests a mild bounce-back might take place at tomorrow's GlobalDairyTrade auction.

The NZ dollar touched 69.41 US cents ahead of the New York close, the lowest level since July 2010.

If the United States Congress does not pass "fast-track" authority for the Trans Pacific Partnership (TPP) within the next few weeks it will stall until 2018 at the earliest.

A crucial vote affecting the Trans-Pacific Partnership (TPP) will be held in the United States House of Representatives overnight.

The New Zealand dollar could fall as low as US60c against the greenback this year following today's official cash rate cut, a market strategist says.

The NZ dollar edged up ahead of the Reserve Bank's monetary policy statement tomorrow.

The dollar advanced as the greenback weakened following reports Obama raised concerns of US dollar strength.

New Zealand's wholesale trade shrank in the first three months of the year with a decline in goods derived from the primary sector leading the contraction.

A taxpayer grant of $11 million to farm wagyu cattle will benefit an overseas businessman at the centre of the Saudi farm controversy.

The dollar may fall this week as traders bet the Reserve Bank could reduce interest rates.

Every Happy Meal sold at a McDonald's in Mexico from this weekend will include a New Zealand kiwifruit.

The kiwi touched 70.25 US cents over the weekend, its lowest level since August 2010.

Herald political editor Audrey Young sets out the case for the Foreign Minister losing his job over the $11m Saudi sheep deal.

Try as they might, Labour and NZ First failed to turn the Great Saudi Sheep Saga into the Great Saudi Sheep Scandal, writes John Roughan.

New Zealand's top spy Steve Braunias deciphers the scrawlings of Murray McCully's secret diary.

Phill Goff says there is nothing in the papers to embarrass Labour nor is there any reference to a "commercial solution" as Mr Key suggested.

Restaurant Brands increased its FQ sales 15pc as revenue jumped at KFC, and it added more Carl's Jr stores.

A local academic says a massive leak of documents shows New Zealand has adopted an "extreme" position in international trade discussions.

The dollar touched a four-month low against the euro after the European Central Bank lifted its inflation forecast.

Murray McCully's controversial $10m deal bypassed the normal Govt control channels, writes Fran O'Sullivan. "The deal is now being challenged as an outright bribe."

The yawning gap between supply and demand once again made its presence felt at the latest GlobalDairyTrade (GDT) auction.

The ANZ Commodity Price Index for May fell by 4.7pc, following April's 7.4 per cent decline.

Wall St is taking bitcoin seriously, which may surprise those who have followed the electronic currency's decline.

The dollar rose even after dairy product prices unexpectedly fell in the latest GlobalDairyTrade auction.

International dairy prices continued to fall as the market struggles to recover from a supply/demand imbalance and subdued demand from China.

New Zealand's terms of trade improved 1.5 per cent in the March quarter but only because of the lagged effects of lower oil prices.

NZ's terms of trade rose in the first three months of the year, snapping two quarters of decline.