The kiwi closed down slightly at US42.29c, from 42.57c yesterday morning, in fairly light trade.
Deutsche Bank currency dealer Daniel Swasbrook said the kiwi held its ground reasonably well against a weakening Australian dollar, in the wake of soft Australian GDP figures.
"The market traded the kiwi down to US42.13c on the day. It was bit of a nothing day to be honest - the aussie continues to disappoint and the kiwi's continuing to follow suit," Mr Swasbrook said.
The Australian dollar briefly hit a record post-float low after the release of a lower-than-expected GDP figure for the June quarter.
The figure of 0.7 per cent growth was below market expectations of between 0.9 and 1.9 per cent and sent the aussie to an all time low of US55.25c.
That eclipsed the previous record low of US55.30c, equalled last week.
The aussie was at US55.47c at the local close. Words of support from European officials gave the euro a boost from its lows. Increasingly there is talk of central bank intervention to support the euro.
- NZPA
<i>Currency:</i> Aussie dollar hits post-float low
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