The dollar fell after weak Chinese factory data yesterday raised concerns about a slowdown in Asia's largest economy.
The U.S. Justice Department is finalising agreements with Swiss banks that may have helped Americans evade taxes.
Investors are selling currencies such as the kiwi as they unwind so called 'carry trades'.
Business confidence has dropped to levels last seen in the immediate aftermath of the global financial crisis.
Mortgage Rates Provided by Interest.co.nz
|ANZ||1 year fixed||5.10%|
|ASB||1 year fixed||5.05%|
|BNZ||1 year fixed||4.69%|
|Kiwibank||1 year fixed||5.39%|
|Westpac||1 year fixed||4.99%|
NZ shares are being pummelled this morning after Wall St fell on renewed China fears.
Wall St followed the slide of equities in Europe and Asia overnight, amid mounting fears about the slowing pace of Chinese…
Fonterra's move to cut the amount it sells on its global dairy auction appears to have worked.
Economists are paring back their GDP forecasts for this year, and many expect growth to come in at around 2 per cent or…
Savings Rates Provided by Interest.co.nz
Wall St was down overnight as Fed officials left the door open for an interest rate hike this month.
Last month saw the highest number of new dwellings consented in a month since March 2005.
The USD strengthened after Fed Reserve officials signalled the US central bank is on track for a potential rate hike next…
The dollar edged up with gains limited by a stronger US dollar buoyed by better economic data.