Kiwi dollar falls

The New Zealand dollar was little changed today after falling against a strengthening greenback during the weekend.

The United States dollar staged its biggest one-day gain in more than five months after data on Friday showed the US shed fewer jobs than expected in May, boosting hopes for an economic recovery.

Trading in this part of the world was quiet today with Australia enjoying a holiday. The US dollar edged down slightly against a basket of currencies in Asia.

The NZ dollar was buying US62.83c at 5pm from US63.48c at the same time on Friday.

Attention is turning to the Reserve Bank of New Zealand's (RBNZ) monetary policy statement on Thursday.

"With the trade weighted index up some 18 per cent from the lows of 50.78 seen in March, the RBNZ will be concerned about the currency strength undermining monetary policy," Treasury said.

Westpac said the NZ dollar had support at US62.25c, US61.30c and US60.00c, while resistance was at US64.00c.

The NZ dollar was slightly down against its Australian counterpart, slipping to A78.75c at 5pm from A78.93c on Friday.

It edged up to 0.4491 euro from 0.4475 on Friday and rose to 61.80 yen from 61.42 on Friday. The trade weighted index was 59.81 at from 59.93.

- NZPA