The New Zealand dollar firmed in local trading today, after softening slightly against the greenback over the Christmas holiday period.
At 5pm today the kiwi was fetching US67.61c, from US67.19c at 10am and US67.25c at 4pm on December 23.
The kiwi's slight gain against the greenback today, followed on from a dive last week when it lost nearly a cent against the US dollar on the back of weaker than expected economic growth in the September quarter.
Data out in the pre-Christmas period showed gross domestic product growth was just 0.2 per cent in the quarter, while the current account deficit blew out to a record $12.9 billion deficit in the year to September.
Trading was expected to remain quiet over the next week and a half as investors take summer holidays.
The kiwi ground higher against the Australian dollar, pushing back over A93c today. At 5pm it was fetching A93.10, a cent higher than the A92.10c it was fetching at the same time last Friday.
The US dollar rose over 1 per cent against the yen yesterday as investors dumped the Japanese currency on a view that Japan would keep interest rates near zero for many more months.
Rates:
5pm today 4pm Dec 23
NZ dlr/US dlr US67.61 US67.25
NZ dlr/Aust dlr A93.10 A92.10
NZ dlr/euro 0.5706 0.5662
NZ dlr/yen 79.32 78.45
NZ dlr/stg 39.10 38.65
NZ TWI 70.07 69.46
Australian dollar US72.65 US73.03c
Euro/US dollar US1.1851 US1.1874
US dollar/yen 117.33 116.59
- NZPA
<EM>Currency:</EM> Kiwi firms against greenback
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