The New Zealand dollar closed at the higher end of its trading range in a holiday-muted local session today.
At 5pm in Wellington, the kiwi was fetching US71.43c from US71.28c at 8.30am and US71.17c at 5pm on Friday.
It ranged between US71.25c and US71.55c during today's local trade, "a pretty narrow range" in a "very, very quiet session", ANZ Investment Bank chief foreign exchange dealer Murray Hindley said.
"I guess with both London and US (Labour Day) holidays tonight, one would suggest that depending on how Europe view the no vote this morning, we'll probably see a continuation of this session's range."
The euro weakened broadly today during Asian sessions after France voted against a European Union constitution by a bigger than expected margin.
By today's close in Wellington the euro was buying US$1.2539 having rallied from its lows of US$1.2510.
The greenback was at 107.78 yen (107.82 at 5pm on Friday), and the Australian dollar rose to US76.23c (US75.95c).
Back in New Zealand, the kiwi was likely to take its near term direction from the aussie, Mr Hindley said.
"There's quite substantial amount of aussie data out this week so we'll obviously take the lead from there until the Reserve Bank (of New Zealand) monetary policy statement on Thursday next week."
Meanwhile on its crosses, the kiwi was buying A93.72c (A93.70c at 5pm on Friday) and finding fresh eight year highs against the sterling -- buying 39.14 British pence (39.03).
A gainst the euro it was fetching 0.5697 euro (0.5683), 76.98 yen (76.72), and 0.8808 Swiss francs (0.8787).
The trade-weighted index was at 70.99 (70.79), while the monetary conditions index was at plus 1095 (1082).
On the money markets, 90-day bank bill yields closed on 7.07 per cent (7.08), July 2009s were on 5.85 per cent (5.88) and April 2015s were at 5.75 per cent (5.78).
- NZPA
<EM>Currency: </EM>Kiwi grinds out gains in quiet session
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