The New Zealand dollar today turned in a largely flat performance against its United States counterpart, a currency dealer said.
At 5pm, the kiwi was at US71.34c, which was marginally up on yesterday's closing level of US71.14c.
However, it closed on par with today's opening level of US71.34c, having ranged between US71.11c and US71.45c.
The release of minutes from the latest US Federal Reserve meeting saw the kiwi move to its session high this morning, but retreated through the day.
BNZ currency strategist Sue Trinh said the kiwi was mired in a "very familiar" trading range.
"We're getting some good supply on that topside, and a fair bit of demand soaking it up on the downside," she told NZPA.
Ms Trinh said the release of the Fed's minutes reinforced what the market already knew: that recent soft US economic data was short term, and that the Fed was concerned by inflation data.
"That's encouraged a lot of carry trades or yield related for the kiwi and kept it well underpinned," she said.
The market was focused on Reserve Bank of New Zealand and Reserve Bank of Australia meetings early next month.
Meanwhile at 5pm, the greenback was buying 107.30 yen (107.61), the euro was buying US$1.2598 (US$1.2566), and the Australian dollar was at US76.10c (US75.94c).
On the crosses, the kiwi was buying A93.75c (A93.66c), 0.5663 euro (0.5661), 76.54 yen (76.55), 38.97 British pence (38.89) and 0.8757 Swiss francs (0.8758).
The trade-weighted index was at 70.76 (70.66) while the monetary conditions index was at plus 1080 (1072).
On the money markets, 90-day bank bill yields were at 7.07 per cent (7.06), the July 2009s were at 5.87 per cent (5.91) while the April 2015s were at 5.77 per cent (5.81).
- NZPA
<EM>Currency:</EM> NZ dollar turns in flat performance
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