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Global angst strengthens USD

Dairy auction drop sees an initial currency market reaction but NZD has since inched its way back up; EU issues weigh on world markets

Corporates get extension benefits

Gloomy markets drive down yields worldwide; expect local yields to fall further

What happened Wednesday

A review of things you need to know before you go home on Wednesday; Big RBNZ profit drop; UDC cuts td rates, ANZ raises personal loan rates, ASB ups cash advances rate, rents higher

NZD consolidates

Markets ignore the fall in business confidence as 'election uncertainty'; eyes on next dairy auction

The 2-10s curve at its lowest since November 2008

Rate curve near its flattest, corporates get option to extend durations

What happened Tuesday

A review of things you need to know before you go home on Tuesday; FEI reduces td rates, building consents underwhelm as does business confidence, bank deposits up strongly,  NZD stops falling

Lower currency will feed through to higher inflation

Roger J Kerr says fuel and freight set to rise in cost soon, other imports to follow; RBNZ taking calculated risk price hikes can be contained within policy limits

NZD finds footing after plunge

NZD has fallen 11% since June and observers see another 5% decline by the end of 2014

Bond markets ignore currency plunge

A lower currency may mean higher prices and a higher OCR track. Interest rate markets yet to adjust to new realities

What happened Monday

NZ$ drops sharply, Auckland rents picked to rise, banks offer some relief for owners of leaky units, trouble in Hong Kong