The New Zealand dollar eked out small gains against its United States counterpart in what was a generally quiet session, a dealer said.
At 5pm, the kiwi was at US70.73c (from US70.80c at 5pm yesterday), and up on its opening level of US70.53c.
It ranged between US70.45c and US70.82c today.
A National Bank currency dealer said the kiwi had shadowed the greenback's moves against other currencies.
"It just looked like there was a bit of profit taking about," the dealer told NZPA today.
"I suspect that while the kiwi is below the US71c mark it has a slight downside bias," he said.
"When it goes above that the dynamic changes."
BNZ currency strategist Sue Trinh said a string of recent economic data had put pressure on the Reserve Bank to maintain its tightening stance on monetary policy. The official cash rate is currently at 6.75 per cent.
Meanwhile, on its major crosses the kiwi was at A92.64c (A92.82c), 0.5833 euro (0.5846) 77.36 yen (76.84) and 0.8989 Swiss francs (0.8988).
The kiwi was fetching 39.17 British pence (39.09), a level last seen in October 1997. Ms Trinh said that cross had held up well, but was unlikely to advance beyond 40 pence.
The euro was buying US$1.2123 (US$1.2110), the greenback was buying 109.35 yen (108.53) and the aussie was at US76.33c (US76.29c).
The trade-weighted index was at 71.12 (71.09), while the monetary conditions index was at plus 1105 (1102).
On the money markets, 90-day bank bill yields were at 7.07 per cent (7.05), July 2009s were at 5.90 per cent (5.85) and April 2015s were at 5.78 per cent (5.73).
- NZPA
<EM>Currency:</EM> Kiwi ekes out small gains against US dollar
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