KEY POINTS:
The New Zealand dollar was little changed during its domestic session after a quiet night affected by the US Thanksgiving Holiday.
By 8am, the NZ dollar was buying US55.41c against the greenback from US55.06c at 5pm yesterday, but it retreated slightly to US55.17c by 5pm today.
Residential construction sunk further into the mire in October, with the number of new dwelling units authorised the lowest in 16 years.
That added to the bleak picture painted by the National Bank Business Outlook survey yesterday.
But the New Zealand sharemarket has managed five days of gains, and ANZ National Bank said today that it had historically high liquidity levels.
The focus next week will be on the Reserve Bank's Monetary Policy Statement on Thursday, with a manufacturers' lobby group today calling for a 200-basis point cut in the Official Cash Rate, which is currently 6.5 per cent.
The NZ dollar has support around US54.60c and resistance at US55.60c.
The NZ dollar rose to 0.4277 euros from 0.4266, and to 52.55 yen from 52.40.
Against the Australian dollar, the kiwi was down to A83.98c from A84.95c. The trade weighted index was unchanged 55.70.
Currency rates:
NZ dlr/US dlr US55.17c US55.06c
NZ dlr/Aust dlr
A83.98c A84.95c
NZ dlr/euro 0.4277 0.4266
NZ dlr/yen 52.55 52.40
NZ dlr/stg 35.81p 35.82p
NZ TWI 55.70 55.70
Aust dlr/US dlr US65.65c US64.80c
Euro/US dlr 1.2899 1.2911
US dlr/yen 95.27 95.13
- NZPA
