The New Zealand dollar steadied up above the US72c mark during today's local forex session.
At 5pm the kiwi was at US72.49c from US72.41c at 8.30am and US71.81c at 5pm yesterday. Today it traded between US72.00c and US72.45c.
A Wellington dealer said the kiwi had traded around the US72.45c to US72.50c mark for most of the day after being pushed up above the US72.00c mark overnight.
The kiwi's move higher last night came as the greenback eased to to a one month low on softer than expected US inflation data.
The aussie also benefited and this evening was buying US77.29c (US76.78c at 5pm yesterday).
There was good demand for both currencies today and the kiwi looked likely to push higher overnight the dealer said.
B y 5pm the kiwi was buying A93.80c down a touch from A93.85c this morning but still up on yesterday's local close of A93.52c.
The greenback was buying 106.92 yen (107.28) while the euro was fetching $US1.3071 ($US1.3026).
On the crosses, the kiwi was buying 0.5547 euro (0.5512), 77.50 yen (77.01), 37.80 British pence (37.71), and 0.8558 Swiss francs (0.8529).
The trade-weighted index was at 70.75 (70.30) and the monetary conditions index was at plus 1075 (1044).
On the money markets, 90-day bank bill yields were unchanged at 7.03 percent, July 2009 bonds were at 5.94 percent (6.00), and April 2015s were at 5.86 percent (5.91).
- NZPA
<EM>Currency:</EM> Kiwi steadies above US72C
AdvertisementAdvertise with NZME.