The New Zealand dollar traded in a narrow range today with holidays in much of Australia dampening activity.
By 5pm the kiwi was at US59.40c from Friday's local close of US59.97c, while the aussie was at US67.91c (US68.48c).
An Auckland dealer said the kiwi had traded in a US59.22c to US59.40c range. "It's an Aussie holiday so there's not a lot to get excited about", he said.
The public holiday was observed in New South Wales, South Australia and the Australian Capital Territory.
The dealer expected the kiwi to trade in a US59.25c to US59.65c range tonight.
Meanwhile in Wellington by 5pm the euro was at US1.1565c from US$1.1697 on Friday, while the US dollar was at 110.91 yen (110.78).
On the crosses, the kiwi was at A87.48c (A87.55c), 65.89 yen (66.43), 35.78 pence (35.89), 0.7939 Swiss francs (0.7909), and 0.5136 euro (0.5127).
The Australian dollar was at $1.1432 ($1.1422).
The monetary conditions index was at plus 230 (252), the trade-weighted index was at 61.98 (62.29), and 90-day bank bill yields were at 5.21 per cent (5.17).
The February 2005 government bond yields were at 5.33 per cent (5.23), the November 2006s were at 5.56 per cent (5.41), and the November 2011s were at 5.91 per cent (5.72).
- NZPA
<I>Currency:</I> Aussie holiday restrains trade in kiwi
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