It was all quiet on the forex markets ahead of Independence Day in the United States, with the New Zealand dollar trading in a tight range all day yesterday.
At 5pm, the kiwi was buying US59.46c from US59.38c at 5pm on Thursday, while the aussie was at US68.19c (US68.08c).
A National Bank
broker said July 4 was usually one of the quietest days on the forex markets.
"It was dead today. There was nothing going on," the broker told NZPA, noting yesterday's narrow trading range.
The kiwi traded between US59.40c and US59.62c yesterday.
Against the aussie, the kiwi was A87.20c (A87.23c).
The euro was at US$1.1469 at 5pm in Wellington, from US$1.1518 at the same time on Thursday night.
The US dollar was buying 118.37 yen (118.41).
On the crosses at 5pm, the kiwi was buying 70.39 yen (70.32), 35.65 pence (35.69), 0.8039 Swiss francs (0.7999), and 0.5185 euro (0.5156).
The monetary conditions index was at plus 301 (292), the trade-weighted index was at 62.86 (62.77) and 90-day bank bill yields were at 5.21 per cent (5.19).
The February 2005 yields were at 4.86 per cent (4.84), the November 2006s were at 5.01 per cent (4.96), and the November 2011s were at 5.39 per cent (5.30).
- NZPA
