The New Zealand dollar closed steady yesterday after opening the week easier following a surge on Friday.
It traded a very narrow range in thin trade, affected by a holiday in much of Australia.
The kiwi closed at 41.75USc compared with Friday's 41.95c close.
Dealers said the kiwi remained in a 41.69-41.76c range
and that told the story of the day.
Aussie trading was also affected by the partial holiday. The aussie eased to 51.65USc from 51.76c on Friday.
Dealers said that if the kiwi could hold around present levels it was likely to make another assault above 42USc.
The Australasian currencies are awaiting the Reserve Bank of Australia's rate decision tomorrow. The market has priced in no move on rates by the RBA.
On the crosses, the kiwi closed at 80.85Ac (81.01c at Friday's close), 51.85 yen (51.88), 29.27 pence (29.31), 0.9275 marks (0.9298), 0.7142 Swiss francs (0.7182) and 0.4744 euros (0.4755).
The trade-weighted index was at 50.11 (50.19) while the 90-day bills remained steady at 5.80 per cent.
- NZPA
