Muted trade in the New Zealand dollar today saw it closed this evening little changed from where it began this morning.
At 5pm in Wellington the kiwi was buying US72.75c from US72.79c at 8.30am and US72.49c at 5pm yesterday.
It ranged between US72.60c and US72.80c.
An Auckland dealer said trade had been pretty quiet: "We haven't done much on the day."
He said the kiwi had settled at higher levels after last night's move higher against the US dollar largely on rising commodity prices.
The kiwi was supported at its higher level today as investors who had picked it to decline in the near-term moved to cover their "short" positions.
The kiwi showed little reaction to figures showing New Zealand in March had experienced its biggest one month net migration loss in four years.
At 5pm the kiwi was buying A93.83 ( A93.80c at 5pm yesterday).
The aussie was at US77.75c (US77.29c), while the greenback was buying 106.86 yen (106.92), and the euro was at US$1.3095 (US$1.3071).
On the crosses, the kiwi was buying 0.5556 euro (0.5547), 77.74 yen (77.50), 37.91 British pence (37.80), and 0.8567 Swiss francs (0.8558).
The trade-weighted index was at 70.91 (70.75), and the monetary conditions index was at plus 1086 (1075).
On the money markets, 90-day bank bill yields were unchanged at 7.03 per cent, July 2009 bonds were unchanged at 5.94 per cent, and April 2015s were at 5.88 per cent (5.86).
- NZPA
<EM>Currency:</EM> Kiwi closes little changed in quiet session
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