The New Zealand dollar closed slightly lower after a quiet local start to the week today.
At 5pm in Wellington, the kiwi was buying US73.11c from US73.21c at 8.30am and US73.45c at 5pm on Friday. It traded between US73.04c and US73.26c today.
ANZ Investment Bank dealer Mark Elliott said today's session had been very quiet.
"We've drifted off most of the day in line with a weaker aussie and euro after the positive employment data in the US on Friday night prompted a rally in the US dollar across the board."
Non-farm payrolls in the US rose by 274,000 in April, easily beating economists' forecasts of a 170,000 rise. The jobless rate was 5.2 percent, matching forecasts.
At 5pm in Wellington the greenback was buying 105.29 yen (104.75 at 5pm on Friday) and the euro was buying $US1.2799 ($US1.2941).
The aussie was hit harder than the kiwi by the greenback's rally closing at US77.34c (US77.95c).
The aussie's bigger retreat saw the kiwi-aussie cross rise and at 5pm today it was at A94.54c (A94.23c).
Meanwhile, on its other crosses, the kiwi was at 0.5712 euro (0.5676), 76.99 yen (76.93), 38.77 British pence (38.64), and 0.8839 Swiss francs (0.8777).
The trade-weighted index was at 71.64 (71.55), and the monetary conditions index was at plus 1143 (1135).
On the money markets, the 90-day bank bill yields were at 7.08 percent (7.07), July 2009 bonds were at 6.03 percent (5.96), and April 2015s were at 5.90 percent (5.82).
- NZPA
<EM>Currency:</EM> Kiwi drifts lower in wake of greenback's Friday rally
AdvertisementAdvertise with NZME.