The New Zealand dollar rallied to three day highs against the greenback today, as the market waits on US trade data due out overnight.
At 5pm today the kiwi was fetching US61.54c, from US61.06c at the same time yesterday, having traded as high as US61.66c during the local session.
Economists are picking the US trade deficit will have fallen to US$67.50 billion in February, down from the record US$68.51 billion shortfall in January.
On the local data front, February retail sales data will be released tomorrow. A Reuters poll shows economists expect sales to have risen 0.3 per cent for the month and 3 per cent over the year.
The kiwi also pushed higher against its Australian counterpart, buying A83.97c at 5pm, down from A83.42c at yesterday's local close.
Trading volumes are expected to thin out tomorrow ahead of the long Easter weekend.
5pm today 5pm Tuesday
NZ dlr US61.54c US61.01c
NZ dlr/Aust dlr A83.97c A83.42c
NZ dlr/euro 0.5061 0.5033
NZ dlr/yen 72.70 72.22
NZ dlr/stg 35.16p 34.98p
NZ TWI 63.26 62.84
Australian dollar US73.29c US73.13c
Euro/US dollar US1.2159 US1.2117
US dollar/yen 118.12 118.41
- NZPA
<EM>Currency:</EM> Kiwi rallies ahead of US trade data
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