The New Zealand dollar finished a week in which central banks around the world slashed interest rates trading in a fairly familiar recent range.
The New Zealand dollar was US53.37c at 5pm, little changed from the US53.27c level at 8am and US53.25c level at 5pm yesterday.
"We hada dip as the Dow gave up ground in its last hour," said Murray Hindley, ANZ Institutional Bank chief foreign exchange dealer.
But he said the New Zealand dollar was still trading broadly within a range between US52.50c and US53.50c.
It slipped to the lower end of the recent range against the euro after the European Central Bank (ECB) cut its interest rates by 75 basis points to leave its benchmark rate at 2.5 per cent early today.
The kiwi had climbed against the European currency through last night from 0.4190 euro at 5pm to peak above 0.4250 before a fast slide down took it to 0.4155 by 8am today. By 5pm it was 0.4180.
The ECB, seen by some market participants as being behind the curve in lowering borrowing costs to boost growth, went for a bolder than expected cut, which also saw the euro rising against the greenback.
Against the yen the kiwi eased to 49.36 by today's local close from 49.60 yesterday, while it was up to A82.70c against the Australian dollar from A82.20c.
The trade weighted index was 54.14 at 5pm from 54.07 yesterday.
