The New Zealand dollar touched a month-high after a weaker economic report in the US dented demand for the greenback. The kiwi touched a high of 83.85 US cents on Friday night, and was trading at 83.77 cents at 8am in Wellington from 83.64 cents at the New York close and 83.39 cents in Wellington Friday. The trade-weighted index advanced …

New Zealand property sales fell 4.3 percent in January from a year earlier while the median price slipped from the record high set in December, which may reflect high loan-to-value lending restrictions and seasonal factors, the Real Estate Institute says,. There were 4,719 dwellings sold nationally in January, down from the same month last year and a 17 percent drop …

Food prices rose 0.9 percent in the year to January, spurred by an 8.8 percent rise in the price of milk, 20 percent rise in butter prices, and a 4 percent increase for cheese, although dairy products saw price falls in the month of January. Statistics New Zealand data released this morning shows food prices rose 1.2 percent last month, …