The kiwi traded in a tight range during a quiet local session today, in which interest was muted by a public holiday in Japan.
At 5pm today, the kiwi was buying US69.62c from US70.03c at 5pm on Friday having traded between US69.30c and US69.62c during today's local session.
Meanwhile the aussie dollar was buying US75.83c (US76.20c at 5pm on Friday).
The US dollar managed to hold most of the gains it made after US Treasury Secretary John Snow said at the weekend the Bush administration supported a strong US currency and wanted to cut the budget deficit.
Data out on Friday showed 157,000 employees were added to US payrolls in December -- just under economists' expectations of 175,000 jobs.
In the week ahead the market will be looking at US trade data on Wednesday and retail sales on Thursday.
"The market has become quite sensitive to US trade data in recent months and so will be watching that quite closely," Ms Trinh said.
At 5pm today the euro was buying US$1.3086 (US$1.3192 on Friday evening) and the greenback was at 104.62 yen (104.92).
Ms Trinh said there had been good two way interest in the kiwi/aussie cross, which she said had straddled the A91.80c area all day. At 5pm the kiwi was buying A91.80c, from A91.92c at 5pm Friday.
On the other crosses, the kiwi was buying 0.5320 euro (0.5308), 37.14 British pence (37.29), 72.83 yen (73.78), and 0.8236 Swiss francs (0.8212).
The New Zealand dollar trade-weighted index closed at 68.01 (68.23), while the monetary conditions index was at plus 850 (867).
On the money markets, 90-day bank bill yields were at 6.75 per cent (6.76), November 2006 bond yields were static at 6.21 per cent, July 2009s were at 6.07 per cent (6.08), and April 2015s were unchanged at 6.04 per cent.
- NZPA
<EM>Currency:</EM> Kiwi trades tight range
AdvertisementAdvertise with NZME.