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What happened today

A review of things you need to know before you go home on Friday; initial rate changes start, building consent levels disappoint, tourists flood in, as do migrants, swap rate falls pause, NZD falls

NZ dollar plunges

NZD/USD trading at levels last seen in March 2011; RBNZ future moves dependent on economic data; gold price tumbles as US stocks rise

Accelerated decline for NZ dollar

RBNZ unceremoniously dumps tightening bias and NZD sold off immediately; steady-as-she-goes approach from US Fed; only game in town is to be long USD

90 seconds at 9 am: Sharp falls everywhere

US jobless claims fall; Denmark struggles with peg; Germany gets deflation; China milk industry doubts; NZ swaps and fx fall sharply; NZ$1 = 72.5 USc, TWI = 76.1

What the RBNZ decision means

Bernard Hickey looks at what the RBNZ's countenancing of a possible rate cut means for mortgage rates and property prices

What happened Thursday

A review of things you need to know before you go home on Thursday; a day of lower everything - less milk, bigger trade deficit, cheaper debt, lower interest rates, a lower currency

Oil and gold prices tumble

Investor's remain short on expectation of shift in stance from RBNZ; oil and gold prices hammered, while global equity markets mixed

Markets now see OCR cut in 2015

RBNZ holds OCR at 3.5%; says will hold rate "for some time" and OCR "adjustments up or down" will depend on data; NZ$ drops below 74 USc; Swap rates fall; Markets price in rate cut

90 seconds at 9 am: Yellen's 'patient' message

Fed signals rate rises coming; China cuts growth targets, Singapore trims peg; Australia wary of inflation; NZ$1 = 74.6 USc, TWI = 77.5

Pockets of explosions

Markets and policy makers get the jitters ahead of US Fed announcements. Greek hardball may backfire
28 Jan 15, 4:00pm What happened Wednesday
28 Jan 15, 11:56am Bernard's Top 10
28 Jan 15, 9:20am USD gives back some gains
28 Jan 15, 8:20am Weak US data hits USD
27 Jan 15, 4:00pm What happened Tuesday
27 Jan 15, 2:46pm Is the NZ$ over-sold at US74c?
27 Jan 15, 8:59am Markets position for the Fed
27 Jan 15, 8:13am Watering down?
26 Jan 15, 4:00pm What happened Monday
23 Jan 15, 4:00pm What happened Friday

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