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The dollar jumped briefly above 70 US cents after the US Fed Reserve pulled back its projections for future interest rate rises.

Yellen has long been categorised as what Fed watchers call a "dove," someone who favours looser monetary policy.

The dollar was little changed, holding below 70 US cents, after a relatively small decline in dairy prices.

The NZ dollar has slipped against the euro as breakdown in Greek debt negotiations stoke fears it will leave the Euro.

Economists expect the pace of economic growth to have slowed when the March quarter national accounts are released on Thursday.

More falls in dairy prices are expected in the next few months, but futures market pricing suggests a mild bounce-back might take place at tomorrow's GlobalDairyTrade auction.

ASB customers should be in line for a drop in their home loan interest rates this month.

The NZ dollar touched 69.41 US cents ahead of the New York close, the lowest level since July 2010.

Major banks are set to drop deposit thresholds for apartments, making it easier for cash-strapped first-home hunters to get a foot in Auckland's rampant property market.

Paul Lewis looks at the link between the city's growth and the ASB, a sponsor of this series.

Two more major banks have announced mortgage rate cuts following the Reserve Bank's decision yesterday to lower the official cash rate.

The official cash rate cut to 3.25 per cent the Reserve Bank delivered yesterday and the follow-up one it has clearly foreshadowed may not be all we see this year.

The New Zealand dollar could fall as low as US60c against the greenback this year following today's official cash rate cut, a market strategist says.

Kiwis spent more on their electronic cards in May, as increased retailing of consumables offset a flat month.

The NZ dollar edged up ahead of the Reserve Bank's monetary policy statement tomorrow.

Bank tellers and other branch workers have a wealth of client data at their fingertips and are able to swipe it.

The dollar advanced as the greenback weakened following reports Obama raised concerns of US dollar strength.

New Zealand shares rose yesterday as investors shrugged off the prospect of higher global interest rates, and bought property stocks.

The dollar may fall this week as traders bet the Reserve Bank could reduce interest rates.

The kiwi touched 70.25 US cents over the weekend, its lowest level since August 2010.

A young New Zealand-born woman whose father and brother died trying to climb the world's deadliest mountain is battling one of the world's biggest banks over her inheritance.

Two successive years of low milk prices will increase pressure on the asset quality of New Zealand banks, says ratings agency Fitch.

The dollar touched a four-month low against the euro after the European Central Bank lifted its inflation forecast.

The dollar rose even after dairy product prices unexpectedly fell in the latest GlobalDairyTrade auction.

The kiwi touched 70.65 US cents in an illiquid market yesterday, its lowest level since August 2010.

The Australian sharemarket has closed lower, retreating after a one-month high on Friday.

The next eight months will be lean for dairy farmers but Rabobank NZ chief Ben Russell says he is confident the downturn will be cyclical and one most farmers can cope with.