The New Zealand dollar spent most of today's session sitting around its supports, a local currency dealer said.
By 5pm the kiwi was buying US58.19c from US58.75c at the same time yesterday. The aussie was at US65.13c from US65.78c at yesterday's close.
"We're basically just sitting down at supports here in the kiwi at the moment," the dealer said, adding the support appeared to be at US58c-US58.11c.
Kiwi traded in a range of US58.11 to US58.57c.
"Basically what we've seen is just a selloff. We saw the highs pretty early on in the session. Both the euro being down this low, and the aussie coming off down to lows have just pushed people to sell kiwi," she said.
She expected the kiwi to trade in a US58c to US58.50c range tonight.
On the crosses at 5pm, the kiwi fetched 0.5325 euro compared with 0.5300 at 5pm last night.
The euro was at US$1.0928 ($ US1.1084).
Against the sterling, the kiwi was at 36.91 pence (36.87).
Meanwhile, the Trade Weighted Index was at 62.86 (63.14).
Against the aussie the kiwi was A89.35c (A89.32c), while the US dollar was buying 117.82 yen (118.05).
On the crosses at 5pm, the kiwi was buying 68.55 yen (69.37), 0.8216 Swiss francs (0.8180).
The monetary conditions index was at plus 295 (316), and 90-day bank bill yields were at 5.15 per cent (5.11).
The February 2005 yields were at 5.28 per cent (5.28), the November 2006s were at 5.51 per cent (5.50), and the November 2011s were at 5.90 per cent (5.87).
- NZPA
<i>Currency:</i> Dollar slips to support levels
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