KEY POINTS:
The New Zealand dollar spent the day trading around the US51c figure after falling a cent against the United States dollar overnight as the greenback strengthened on its appeal as a safe haven.
The NZ dollar was US51.15c at 5pm, little changed from US50.98c at 8am and down from US51.22c at 5pm yesterday.
"Generally we have traded around the figure," ANZ chief foreign exchange dealer Murray Hindley said.
He said the currency encountered resistance around US51.20c and found support around US51.85c.
The NZ dollar moved only a little on the National Bank business outlook survey as a bleak survey had been expected and that was what flashed across dealers' screens.
The NZ dollar lost ground against the Australian dollar, which rose on strong capital expenditure data.
The NZ dollar was buying A78.65c at 5pm from A78.77c at 8am and A78.90c at 5pm yesterday.
The trade weighted index was 52.48.
The NZ dollar fell away during Wednesday night against the euro, from near 0.4040 to 0.3997 by today's local open and was 0.4015 by 5pm.
Against the Japanese currency, the NZ dollar reached a five-week high around 50.35 yen before falling away to 49.62 by 8am. It was 50.07 by 5pm today.
- NZPA
