The kiwi closed the best part of half a cent lower after being sold down following a poor current account number this morning.
At 5pm the kiwi was buying US71.34c from US71.74c at 8.30am today and US71.52c at 5pm yesterday. It ranged between US71.31c and US71.78c today.
This morning it was reported New Zealand's March quarter current account deficit -- measuring all New Zealand's financial dealings with the outside world -- had ballooned to $1.42 billion.
That was $400 million worse than average forecasts mainly due to tourism receipts not being as strong as expected.
ANZ Investment Bank dealer Mark Elliott said the kiwi was immediately sold down following the announcement, " ...and since that, the market's been very quiet."
It traded in a narrow 10 to 15 point range this afternoon seeming "to be moving more now on what the aussie and euro are doing," Mr Elliott said.
The market will now be watching out for tomorrow's March quarter GDP number.
Meanwhile, in Wellington at 5pm the greenback was buying 108.67 yen (108.53 at 5pm yesterday), the euro was at $US1.2120 ($US1.2168) and the Australian dollar was at US77.79c (US77.76c).
On its crosses, the kiwi was buying A91.71c (A91.93c), 39.19p (39.15p), 0.5887 euro (0.5880), 0.9075 Swiss francs (0.9070) and 77.52 yen (77.65).
The trade-weighted index was at 71.35 (71.52), and the monetary conditions index was at 1119 (1126).
On the money markets, 90-day bank bill yields were unchanged at 7.05 percent, July 2009 bonds were at 5.90 percent (5.95), and April 2015s were at 5.77 percent (5.79).
- NZPA
<EM>Currency:</EM> Kiwi lower on poor current account
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