Trading was flat on both sides of the Tasman yesterday, the holiday spirit restraining both the New Zealand and Australian dollars.
At 5 pm the kiwi was trading at 41.51USc, just three points off its opening price but a noticeable slip from its 41.67USc in overseas trade on Christmas Day. The aussie was unchanged at 50.75USc.
Dealers picked the kiwi to trade between 41.35USc and 41.50USc overnight.
"The aussie dollar's had a reasonably wide range, considering, and it just feels like basically any flow's pushing the market," said one dealer.
The New Zealand dollar is expected to remain quiet for the short term because most of the corporate market is on holiday.
One talking point was the falling yen, which depreciated further during the day to close at 131.44 yen, a three-year low.
- NZPA
<i>Currency:</i> Dollars on a holiday
AdvertisementAdvertise with NZME.