The New Zealand dollar wandered aimlessly today in a thin market focused on the major currencies.
It closed at US69.46c, down on yesterday's close of US69.71c.
Traders said there were no particular local influences.
The US dollar climbed against other currencies in light trade as investors looked to US durable goods data and a speech from a Federal Reserve policymaker for clues on the US interest rate outlook.
Currencies have been trapped in tight ranges this week with little significant economic news and few events to guide traders and investors.
The yen gave back more of the big gains that took it to a seven-week high against the US dollar and a six-week peak versus the euro, as foreign investors took a breather from their heavy buying of Japanese shares in the past two weeks.
Japanese shares have rallied to four-year highs on hopes for a sustained economic recovery and expectations that Prime Minister Junichiro Koizumi will win a mandate for reform in the September 11 election.
In Wellington, the euro closed on US$1.2180 compared to US$1.2210 at yesterday's close, while the greenback was buying 110.58 yen from 109.87 yesterday.
The Australian dollar eased to US75.23c from US75.54c.
On its key crosses the kiwi was buying A92.45c (A92.30c at yesterday's close), 0.5711 euros (0.5710), 0.8876 Swiss francs (0.8870), 38.79 British pence (38.74) and 76.93 yen (76.60).
On a trade-weighted basis, the kiwi was at 70.18 (70.17) and the monetary conditions index was at 1037 (1035).
On the money market, the 90-day bank bill yields were on 7.05 per cent (7.04 per cent), while July 2009 bond yields were down to 5.77 per cent (5.79) and the April 2015s were down at 5.73 per cent (5.74).
- NZPA
<EM>Currency:</EM> NZ dollar steady in light trading
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