The New Zealand dollar eased through the session today but still closed stronger than yesterday after the US dollar faltered in overnight trading.
At 5pm, the kiwi was buying US69.70c against its S69.86c opening and US69.45c at 5pm yesterday.
The US dollar gave ground overnight, as investors took the view that further expected rate rises are already priced into the market.
The currency market showed little reaction to the release of the US central bank's so-called Beige Book of regional economic conditions.
US business activity increased across the country in September and through early October, but hurricane damage weighed on some regions and higher energy costs pushed prices up, the Federal Reserve said on Wednesday.
The kiwi continued to strengthen against the yen, hitting 80.65 yen by the close today, up from yesterday's eight-year high.
The local market is focused on the Reserve Bank's Official Cash Rate review on Thursday. Money markets have priced in a quarter of a percent rate rise.
- NZPA
<EM>Currency:</EM> Dollar ends higher after $US falters
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