The New Zealand dollar traded sideways through today's session, ending a tad higher than its opening level, a dealer said.
At 5pm, the kiwi was at US70.88c (from US71.00c), having opened at US70.76c. It closed on its session highs, having traded as low as US70.72c.
A Bank of New Zealand currency dealer said today's session was desperately quiet.
Trade was thinned by Asian market holidays, notably in Singapore, Malaysia, Thailand and Sri Lanka.
"There's just nothing going on today," the dealer told NZPA today.
The kiwi was likely to take directional cue from the United States' Federal Open Market Committee, which issues its minutes tomorrow morning (NZT).
Until then, the dealer said, currency investors were maintaining a conservative stance.
Over the weekend the US dollar gained ground in offshore trading, helped by the belief that US interest rates will remain on their upward course, widening the gap with lower European rates.
Meanwhile, the greenback was buying 108.00 yen (107.55), and the euro was buying US$1.2561 (US$1.2635). The Australian dollar was at US75.68c (US75.92c).
On the crosses, the kiwi was buying A93.65c (A93.54c), 0.5643 euro (0.5618), 76.55 yen (76.37), 38.80 British pence (38.66) and 0.8741 Swiss francs (0.8677).
The trade-weighted index was at 70.51 (70.41), while the monetary conditions index was at plus 1061 (1053).
On the money markets, 90-day bank bill yields were at 7.06 per cent (7.05), the July 2009s were at 5.95 per cent (5.94), while the April 2015s were at 5.87 per cent (5.84).
- NZPA
<EM>Currency:</EM> Dollar trades sideways through session
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