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Breaking news

Dairy prices fall another -7.3% in Fonterra auction, led by big declines in SMP, WMP and butter; no NZD reaction yet
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Reader poll

Yes, it helps exporters and is in the country's best interests.
59% (30 votes)
No, it's too risky and will drive up inflation.
41% (21 votes)
Total voters: 51

Do you support the Reserve Bank intervening in the currency market to weaken the NZ dollar?

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Hugh Pavletch

Opinion: Houston, we have a

By Hugh Pavletich The Christchurch New Zealan