The New Zealand dollar was flat on a day so quiet dealers wondered why they showed up for work.
"It's very boring. It still remains bid but it did fail 44.50USc, its big chart point," a currency dealer said.
He expected overnight weakness as the euro and its entourage fell in the face of more positive American equity markets.
Still, the dealer said, the upward trend remained in place.
"But it's time for a breather. I'm picking next week we'll see the kiwi down towards 43USc again."
The kiwi has rallied strongly as the mighty greenback loses its invulnerability. It finished yesterday within a 17-point range at 44.33USc, compared with its record low set in October at 38.95USc.
The Australian dollar closed locally at 55.71USc, down from 55.89c.
On the cross-rates the kiwi ended at 79.55Ac (79.26c) , 29.62 pence (29.77), and 0.4766 euros (0.4755).
The trade-weighted index was at 50.78 (50.69) and the 90-day bills were steady at 6.68 per cent. So the monetary conditions index tightened marginally to minus 618.
February 2001 bonds remained at 6.46 per cent, and July 2009s were up slightly at 6.03 per cent.
- NZPA
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