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![Exchange rate 'unsustainable' - Wheeler](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Exchange rate 'unsustainable' - Wheeler
Reserve Bank Governor Graeme Wheeler says the NZ dollar is susceptible to a "significant downward adjustment," in a statement issued today.
![Trade deficit shrinks to $472m](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Trade deficit shrinks to $472m
Last month's trade deficit was an unexpectedly small $472 million as imports exceeded exports by 13 per cent.
![Trade deficit narrows as imports fall](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Trade deficit narrows as imports fall
New Zealand posted a narrower trade deficit in August as exports of live animals and dairy products rise and imports from major trading partners declined.
![Dollar falls to year-low on lower dairy payout](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Dollar falls to year-low on lower dairy payout
The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.
![Fonterra deal boosts Beingmate](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Fonterra deal boosts Beingmate
Shares in Chinese baby-milk maker Beingmate Baby & Child have rallied sharply since Fonterra entered an alliance with the firm, which includes the Kiwi dairy giant buying a 20 per cent stake in its new partner.
![NZ dollar gains after election result](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ dollar gains after election result
The NZ dollar gained after the incumbent National Party's election victory, instilling confidence in the administration's ability to continue pursuing its policy programme.
![Economy grows on service sector surge](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Economy grows on service sector surge
The NZ economy grew just ahead of expectations in the second three months of the year, with the fastest growth in the services sector for seven-and-a-half years.
![Dollar plunges to 7-month low](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Dollar plunges to 7-month low
The Kiwi dollar dropped to a seven-month low after the US Fed raised its expectation for the level of interest rates by the end of next year.
![Big drop in exports hits trade balance](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Big drop in exports hits trade balance
The gap between what New Zealand earns from the rest of the world through trade and investment and what it pays widened in the June quarter as falling dairy exports started to weigh on the trade balance.
![Balance of payments deficit hits cyclical low point](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Balance of payments deficit hits cyclical low point
NZ's current account deficit rose by $1.4b in the past three months reflecting falling dairy prices and a large revision to investment flows into the country.
![Dollar holds below 82 US cents](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Dollar holds below 82 US cents
The dollar held below 82 US cents overnight after the Reserve Bank yesterday reiterated that is too high and signalled interest rates would remain on hold.
![Interest rates left unchanged](/pf/resources/images/placeholders/placeholder_l.png?d=793)
Interest rates left unchanged
Interest rates have been held at 3.5pc as Graeme Wheeler signals he won't be as aggressive with future hikes.
![NZ dollar slips as greenback gains on US interest rates expectations](/pf/resources/images/placeholders/placeholder_l.png?d=793)
NZ dollar slips as greenback gains on US interest rates expectations
The NZ dollar declined as investors gain confidence about a recovery in the US economy, increasing demand for the US dollar.