The New Zealand dollar saw quiet trade during today's local session.
At 5pm in Wellington it was at US61.25c from US61.35c at the same time yesterday after trading in a US61.06c to US61.29c range.
The aussie was at US70.53c from US70.63c at yesterday's local close.
Trade in the kiwi today was "very sedate" according to ANZ Investment Bank senior dealer Mark Elliot.
The kiwi spent the session "ebbing and flowing with the aussie and the euro, just trading against the US dollar", he said.
Tonight, although the trend for the kiwi was up, "it may just trade a range", he said. The range he expected was US60.70c to US61.50c.
Meanwhile the US dollar slipped against the yen to 108.20 from 108.19 at 5pm yesterday , and the euro eased to US$1.1678 (US$1.1695 yesterday).
On the crosses the kiwi was buying A86.85c (A86.87c), 66.27 yen (66.33), 36.02 pence (36.05), 0.8143 Swiss francs (0.8145), and 0.5246 euro (0.5246).
The Australian dollar was at $1.1515 ($1.1514).
The trade weighted index was at 62.97 (63.03), the monetary conditions index was at plus 313 (317), and 90-day bank bills were unchanged at 5.24 per cent.
On the debt market, yields on April 2004 bonds were at 5.16 per cent (5.15), February 2006s were at 5.71 per cent (5.65), and November 2011s were at 6.09 per cent (6.00).
- NZPA
<i>Currency:</i> Dollar trades sideways in sedate market
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