The New Zealand dollar cruised uneventfully through the September 11 anniversary yesterday, closing on its lows just below US47c.
By 5pm the kiwi had slipped to US46.94c from Tuesday's close of US47.23c, while the aussie eased to US54.72c from US55.14c last night.
"Currency markets are for the most part in a holding pattern, which should continue over the next 24 hours, assuming the anniversary passes without significant incident," Westpac currency strategist Johnathan Bayley said.
On the data front, a robust New Zealand economic forecast from Berl overnight and a moderately positive survey on job advertising in August failed to provide support for the kiwi.
Local food price figures for August also passed without a ripple. Statistics New Zealand said the Food Price Index was up 0.1 per cent in August compared with the previous month - in line with private sector forecasts.
For the year to August, food prices were up 3.0 per cent.
Dealers expected the kiwi to range between US46.80c and US47.10c overnight as the US marks the September 11 anniversary.
On the crosses at 5pm the kiwi was at A85.79c (A85.68c at Tuesday's close), 56.25 yen (55.98), 30.17 pence (30.26), 0.7034 Swiss francs (0.7008), and 0.4818 euro (0.4806).
On the money market, 90-day bills were at 5.88 per cent (5.87), the trade-weighted index was at 53.77 (53.81) and the monetary conditions index was at minus 413 (minus 409).
The April 2004 bonds were at 5.66 per cent (5.64), the November 2006 bonds were at 6.01 per cent (5.95), and the November 2011 bonds were at 6.20 per cent (6.18).
- NZPA
<i>Currency:</i> All quiet for kiwi on September 11
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