The New Zealand dollar ended little changed today after trading in a US62.23c-US62.65c range.
The kiwi ended unchanged from yesterday's close at US62.60c.
Most attention was on the US dollar following the Fed's decision to leave rates on hold after a two-year string of non-stop increases.
The US dollar clawed up from two-month lows against a basket of major currencies, strengthening on a wave of short covering.
The Fed held rates at 5.25 per cent and left the door open to more credit tightening if price pressures persist, but the dollar's resilience after the move disappointed some traders who had big bets on a deeper slide.
The kiwi made up half a cent on the Australian dollar overnight, but ended on its A82.62c opening compared with A82.12c yesterday.
On the trade-weighted index the kiwi strengthened to 62.51 from 62.36.
Analysts viewed the Fed statement as giving the Fed leeway to hold rates steady so long as growth runs below the economy's long-term pace, even if inflation stays above the Fed's perceived comfort zone in coming months.
"Their inflation outlook is quite optimistic, so the nuance of the statement is less hawkish than expected," said Kikuko Takeda, a currency strategist at Bank of Tokyo-Mitsubishi UFJ.
Rates:
5pm today 5pm yesterday
NZ dlr/US dlr US62.60c US62.60c
NZ dlr/Aust dlr A82.62c A82.12c
NZ dlr/euro 0.4895 0.4882
NZ dlr/yen 72.43 72.07
NZ dlr/stg 32.93p 32.86p
NZ TWI 62.51 62.36
Australian dollar US75.78c US76.23c
Euro/US dollar US1.2793c US1.2821c
US dollar/yen 115.67 115.12
- NZPA
<i>Currency:</i> Dollar steady against Greenback
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