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Latest News

Exodus to New Zealand: Kiwis fleeing back home, joined by Australians

More people are moving to New Zealand from Australia instead of the other way around for the first time in decades as Kiwis return to a buoyant economy and are joined by foreigners in search of work.

According to new figures released by Statistics New Zealand, 25,273 people migrated east across the Tasman Sea in 2015, compared to 24,504 who went the other way.

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$A lower as greenback advances in safe-haven rally

The Australian dollar fell as low as 73.27 US cents overnight, near its lowest since early June, as the greenback rose in the biggest two-day advance since November 2011 with investors seeking shelter from the UK's shock decision to exit the European Union.

At about 8am AEST, the $A is trading at 73.35 US cents. The currency traded as high as 74.48 US cents overnight before turning.

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