The NZ dollar bobbed around the US68c mark today in thin trading volumes, before ending the local session back where it started.
After hitting a high of US68.48c overnight, the kiwi fell back to US67.95c this morning, but poked its nose back over US68c throughout the session.
By 5pm it had settled back to finish the local session at US67.97c, from US67.61c at 5pm yesterday.
The kiwi held its ground against the Australian dollar, remaining over A93c, fetching A93.32c at 5pm, up from A93.10c at 5pm yesterday.
The kiwi was supported by talk of another uridashi (New Zealand demoninated bonds aimed at Japanese investors) issuance.
Daiwa Securities is to sell Bank Nederlands Gemeenten's 2-year uridashi. It is not clear how large the issuance will be, but a dealer told Dow Jones it would be "sizeable".
Meanwhile the US dollar gained 0.4 per cent against the Japanese yen after the US Conference Board said its index of consumer sentiment rose to 103.6 in December from the previous month's reading of 98.3. The gauge marked its highest level since August, before Hurricane Katrina slammed into the US Gulf and sent petrol prices to record highs.
Rates:
5pm today 5pm yesterday
NZ dlr/US dlr US67.97 US67.61
NZ dlr/Aust dlr A93.32 A93.10
NZ dlr/euro 0.5742 0.5706
NZ dlr/yen 80.14 79.32
NZ dlr/stg 39.50 39.10
NZ TWI 70.49 70.07
Australian dollar US72.85 US72.65c
Euro/US dollar US1.1843 US1.1851
US dollar/yen 117.95 117.33
- NZPA
<EM>Currency:</EM> Kiwi bobs around US68C
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