The New Zealand dollar gave some ground against the US and Australian dollars but generally remained strong on its cross rates.
Dealers said trading was quiet and they expect the kiwi to hold a US69.40-69.70c range in the near term.
A Wellington dealer said the euro continued to look vulnerable and that would exert downward pressure on the kiwi against the greenback.
The kiwi closed at 5pm on US69.45c, compared with US69.62c at 5.30pm yesterday.
It pushed to a new eight-year closing high against the Japanese yen at 80.45 yen.
Data last night bolstered the market's view that the Federal Reserve will continue to raise interest rates to tame mounting price pressures.
US producer prices jumped 1.9 percent in September from August, according to the Labour Department, well above the 1.1 percent forecast by economists.
The yen has weakened against all currencies but particularly against the kiwi due to Japanese investors' insatiable demand for higher-yielding foreign bonds.
The yen has come under pressure since the last business quarter of the year and the second half of Japan's fiscal year kicked off this month, with more portfolio managers ploughing cash into overseas bonds.
The following are Reuters currency rates:
NZ dlr US69.45c US69.61c
NZ dlr/Aust dlr A93.10c A93.17c
NZ dlr/euro 0.5824 0.5808
NZ dlr/yen 80.45 80.30
NZ dlr/stg 39.78p 39.78p
NZ TWI 71.27 71.29
Australian dollar US74.64c US74.78c
Euro/US dollar US1.1932 US1.2000
US dollar/yen 115.76 115.29
- NZPA
<EM>Currency:</EM> NZ dollar gives some ground but generally strong
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