The New Zealand dollar went into the New Year period firmer against the US dollar, as global currency trading continued to wind down ahead of the year-end.
At 4pm today the kiwi was fetching US68.43c, from US68.23c this morning, and US67.61c at 5pm yesterday.
Trading volumes are expected to remain thin next week, with public holidays in Britain, the United States, Japan and Singapore on Monday to mark the New Year. In New Zealand Monday and Tuesday will be public holidays.
Against the aussie at 4pm the kiwi was buying A93.28 c, from A93.10c at 5pm yesterday.
The US dollar had posted modest losses overnight after a mixed bag of US economic data, but was holding steady in early Asian trade today as market activity waned.
A snapshot of business activity in the Chicago area and the latest US existing home sales data released last night failed to move the market, with the two reports sending conflicting signals about the US economy.
The Chicago purchasing managers' index for December came in slightly above expectations, while existing home sales in November fell more than economists had anticipated.
The following are Reuters currency rates:
4pm today 5pm yesterday
NZ dlr/US dlr US68.43 US67.97
NZ dlr/Aust dlr A93.28 A93.32
NZ dlr/euro 0.5767 0.5742
NZ dlr/yen 80.62 80.14
NZ dlr/stg 39.69 39.50
NZ TWI 70.81 70.49
Australian dollar US73.38 US72.85c
Euro/US dollar US1.1865 US1.1843
US dollar/yen 117.82 117.95
<EM>Currency:</EM> Kiwi consolidates ahead of New Year break
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