NZD

The NZD/USD sits fractionally higher at 0.8690 this morning, ahead of the RBNZ’s (9am NZT) meeting.

OUTLOOK

CURRENCY: The RBNZ will decide NZD/USD direction, but we expect NZD to decline in the coming weeks. The EUR is unlikely to find support from July activity updates, but China and US updates should be supportive for growth.

The New Zealand Venture Investment Fund’s Seed Fund is now investing $5 million a year into start-ups alongside angel investors, and recently invested into its one hundredth company.

EEO Commissioner Dr Jackie Blue has congratulated the winners of the inaugural YWCA Equal Pay Awards.

By Michael McCarthy (Chief Market Strategist, CMC Markets)

Te Runanga o Ngati Ruanui Trust has applied to the High Court to join Trans Tasman Resources appeal against the decision to reject its application to mine iron sands off the south Taranaki coast.

Xero’s vision to connect small business to big business is now a reality with Warehouse Stationery today announced as the next major New Zealand corporate to integrate with Xero.

BMW has taken edge-of-the-seat driving to the next level with the launch video for the all-new BMW M4.

Utilising the deck of an aircraft carrier, the new M4 performs a series of manoeuvres literally only millimetres from careering off the edge of the ship.

Villa Maria, New Zealand’s most awarded wine company for 35 years, has now been voted one of New Zealand’s Highly Commended Trusted Brands for 2014

Love Fridays? So do we! And soon, Vodafone customers won’t have to wait all week for that Friday feeling with the launch of Fantastic Fridays - an incredible range of movie, music and sports experiences, and fantastic Prepay Deals.