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Reader poll

Below $6.
48% (68 votes)
Between $6 and $6.50.
40% (57 votes)
About the $7 per kgMS Fonterra's currently forecasting.
12% (17 votes)
Total voters: 142

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Currencies

Latest News

What happened today

A review of things you need to know before you go home on Tuesday; Danone angry at High Court, Bennett on warpath, flyover succumbs to nimbys, wholesale rates flatten

Holding back, waiting for direction

Gold and oil rise, equities fall, as anxieties remain about Ukraine and Gaza; however currency markets subdued

Bernard's election diary - July 22

Updated
Cunliffe rejigs election campaign after crisis caucus meeting; says should not have taken holiday; Key refuses to apologise to Tania Billingsley; Hauiti won't stand again

Migration pressures RBNZ

Migration adds demand worries for Wheeler, but offset by other data that might support a softer tone on Thursday

90 seconds at 9 am: New China food scare

China restarts RMBS sales to bolster housing; another China food scare; UST 10yr 2.46%; oil markets reassured; NZ$1 = US$0.869, TWI = 80.9

What happened Monday

A review of things you need to know before you go home on Monday; farms sell for higher prices, lifestyle blocks don't, migration rises, credit card use doesn't, swap rates unchanged

Slow recognition of emerging economic headwinds

Roger J Kerr says confidence levels remaining high is understandable, however not that sensible. But he also sees an 'unexpected' opportunity to fix interest rates long-term

Stars finally aligning for a weaker Kiwi dollar

Roger J Kerr says our 'rock star' economy is suffering from smaller audiences and declining fan interest because our rosy economic picture has wilted

Net migration at 11 year high

Updated
Net migration 4,300 in June; highest since Feb 2003; Net migration to Australia was zero; First time since 1991; Record high 100,000 migrants came in year to June

Geopolitical events dominate

Despite risk aversion, NZD holds on to current levels, although that may change if tensions rise further

Currencies charts