In a ho-hum Monday session the New Zealand dollar was range bound and failed to fire against its United States counterpart, a currency dealer said.
At 5pm, the kiwi was at US69.99c (from US70.59c as the same time on Friday), having ranged between US69.77c and US70.00c.
It started today's session at US69.92c, and is currently treading water in the broad US69.50c to US71.00c range.
The Australian dollar plotted a similar course to the kiwi, closing at US76.07c (US76.04c).
Westpac currency strategist Johnathan Bayley said the kiwi moved sideways most of the morning, then dipped to its session lows before edging higher towards the close of trading.
"Our market has been fairly lacklustre with small flow and liquidity pretty poor," Mr Bayley told NZPA today.
Meanwhile, the kiwi slipped against the greenback overnight on Friday after comments by St Louis Federal Reserve president William Poole.
Mr Poole said the Fed might drop its pledge to lift interest rates at a "measured" pace.
US markets will be closed tonight (NZT) for the Martin Luther King public holiday, while later in the week US capital flow data is due out.
The greenback was at 102.06 yen (102.82), and the euro was at US$1.3117 (US$1.3125).
Another currency dealer said any excitement for either the New Zealand or Australian currencies was likely to be seen on their crosses, rather than against the US dollar.
Domestic data due out this week includes the Quarterly Survey of Business Opinion on Tuesday and the fourth quarter Consumer Price Index on Wednesday.
On the crosses, the kiwi was buying A92.01c (A92.09c), 0.5336 euro (0.5337), 37.38 British pence (37.40), 71.43 yen (72.00) and 0.8259 Swiss francs (8262).
The New Zealand dollar trade-weighted index was at 68.01 (68.12), while the monetary conditions index was at plus 849 (857).
There was virtually no movement on the money markets, with 90-day bank bill yields unchanged at 6.74 per cent, November 2006 bond yields were at 6.16 per cent (6.14), July 2009s were at 5.96 per cent (5.94), and April 2015s also at 5.90 per cent (5.86).
- NZPA
<EM>Currency:</EM> NZ dollar turns in ho-hum performance against US dollar
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