The kiwi traded sideways today in quiet, holiday affected trade.
At 5pm the kiwi was buying US71.07c from US71.46c at 5pm on Friday having traded between US70.98c and US71.18c today.
The aussie was at US77.37c (US77.53c).
Westpac currency strategist Johnathan Bayley said liquidity was thin, mainly due to the public holiday in Auckland for its anniversary day.
Mr Bayley said the sideways trading in the kiwi/US cross was reflected in most other US crosses, as the greenback continued to tread water ahead of a number of key events this week.
"The (US) dollar in general has been trading sideways for the past fortnight and sentiment's quite neutral at the moment
"With that being the case the events we will have later in the week will be all that much more important."
These events include the latest index of national manufacturing activity from the Institute for Supply Management (ISM) overnight on Tuesday, the US Federal Open Market Committee meeting to discuss interest rates on Wednesday and Thursday and therelease of the latest US non-farm payrolls data on Friday, with the G7 meeting in London capping off the week .
Mr Bayley said while these events were all potentially market moving, he thought the most likely movements would come after the release of payrolls figures, mainly because the market was expecting payroll numbers to jump by 200,000. He said because the expected rise was so big, there was a risk the market would be disappointed.
At 5pm today the greenback was at 103.63 yen (103.25) and the euro was at US$1.3022 (US$1.3029).
On the crosses the kiwi was buying A91.86c, from A92.17c at 5pm on Friday, 0.5458 euro (0.5483), 37.71 British pence (37.86), 73.64 yen (73.77), and 0.8452 Swiss francs (0.8471).
The New Zealand dollar trade-weighted index was at 69.12 (69.42), and the monetary conditions index was at plus 933 (955).
On the money markets, 90-day bank bill yields were unchanged at 6.78 per cent, November 2006 bond yields were static at 6.33 per cent, July 2009s were unchanged at 6.11 per cent and April 2015s were unchanged at 6.05 per cent (6.04).
- NZPA
<EM>Currency:</EM> Kiwi trades sideways in thin trade
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