The New Zealand dollar saw subdued trade today in the aftermath of a whippy session last night which saw it retrace some of its previous three days of losses.
By 5pm in Wellington, the kiwi was at US66.57c from US65.77c at 5pm yesterday having traded in a US66.49c and US66.77c range
today.
The Australian dollar was at US76.80c (US75.82c last night).
ANZ Investment Bank senior dealer Mark Elliott said today was very quiet in comparison to last night.
But he said the kiwi may be sold off tonight down towards the US66.10c mark.
"I would expect that to be a good base for a move higher over the next day or two," he said.
"I think we're going to get a run up into the low to mid US67s over the next day or two."
Mr Elliott picked the kiwi to trade in a wide US66.10c to US67.10c range tonight.
The euro was at US$1.2571 (US$1.2381), while the United States dollar was buying 107.22 yen (107.41).
On the crosses, the New Zealand dollar was buying A86.68c (A86.73c), 0.5296 euro (0.5313), 71.37 yen (70.69), 36.65 British pence (36.83), and 0.8311 Swiss francs (0.8345).
On a trade weighted basis, the New Zealand was at 65.91 (65.62).
The monetary conditions index was at plus 562 (529), and 90-day bank bills were at 5.35 per cent (5.34).
On the debt market, February 2006 bond yields were at 5.49 per cent (5.52), July 2009 bonds were unchanged at 5.75 per cent, and April 2013 bonds were unchanged at 5.91 per cent.
- NZPA
