"NZ economy in surprise drop" from South China Morning Post

"The currency fell as rising risks of a recession bolster the case for central bank governor Alan Bollard to keep interest rates unchanged until at least the second quarter next year."

"The New Zealand dollar's 54 per cent gain since 1999 almost did to Bilbo Baggins, hero of J.R.R. Tolkien's The Hobbit, what Smaug the dragon couldn't." from South China Morning Post