The New Zealand currency markets were "dead" yesterday, with little interest in the kiwi dollar, a currency dealer said.
"It's been very quiet," the dealer said. "The only play was a bit of trading on the kiwi-aussie cross in the afternoon."
The kiwi closed stronger at 45.57USc, from 45.51c on Monday.
The Australian dollar was trading locally firmer at 58.76USc from 58.62c at Monday's close.
"There's not much interest in the kiwi - if anything, it will track the aussie," the dealer said.
The market could be waiting for next week's Monetary Policy Statement from the Reserve Bank for "an excuse to do something," he said.
On the cross rates, the kiwi was at 77.54Ac while against other major currencies it was at 49.57 yen, 30.14 pence, 0.9815 marks, 0.7764 Swiss francs and 0.5018 euro.
With the yield on 90-day bank bills steady at 6.77 per cent, monetary conditions were tighter, with the index at minus 539.
In New York, US treasuries drooped after players made room for $US25 billion of new government supply due this week.
- NZPA
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