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Dollar slumps after RBNZ jawboning
The NZ dollar slumped to its lowest in more than a year after RBNZ governor Graeme Wheeler jawboned it through a key support level of 80 US cents.
Reserve Bank talking tough on exchange rate
The New Zealand dollar could fall significantly over the next six to nine months and the Reserve Bank would welcome that, says Governor Graeme Wheeler.
Two cases on watchdog's list
New Zealand's financial regulator is probing two possible cases of insider trading and market manipulation, after receiving 15 complaints about such behaviour in the past year.
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
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
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
The dollar declined on concern about slowing growth in China and after Fonterra cut its forecast payout to farmers.
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
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.
Dollar rises after National election win
The dollar advanced after the incumbent National Party won an outright election victory at the weekend, reassuring investors that current economic policies would continue.
Deeper Saudi supply cuts needed to sustain high oil prices
Saudi Arabia will need to keep cutting oil output to sustain prices above $100 a barrel as global oil demand weakens, analysts say.
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
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
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
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.
Ex-Fonterra boss to chair Orion Health
Former Fonterra boss Andrew Ferrier has been appointed chairman of New Zealand software developer Orion Health
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
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
The NZ dollar declined as investors gain confidence about a recovery in the US economy, increasing demand for the US dollar.