5.40pm
The New Zealand dollar traded quietly in a narrow range today as markets wound down in advance of today's US Thanksgiving holiday.
At 5pm in Wellington the kiwi was buying US63.99c compared with its US63.65c close yesterday having traded in a US63.94c to US64.22c range. The Australian dollar was at US72.33c from US71.80c.
"There's nothing going on", an Auckland dealer told NZPA.
"It's a US holiday tonight, we've had holidays all week, Japan on Monday, Singapore on Tuesday, it's a holiday in the US tonight and most people take Friday off -- I think you can call it a holiday week."
Reserve Bank Governor Alan Bollard's comments to Parliament's finance select committee today downplaying the possibility of intervention to check the kiwi's surge higher made a negligible impression on the market, the dealer said.
Meanwhile the euro which tends to lead the kiwi around had itself traded in a narrow 20 point range.
"I'm not expecting too much more", the dealer said. "Tonight we'll stay within the current ranges."
At 5pm in Wellington, the euro was at US$1.1920 from US$1.1812 here yesterday while the greenback was buying 108.99 yen (109.48).
On the crosses, the kiwi was buying A88.48c (A88.68c), 0.5368 euro (0.5384), 69.73 yen (70.00), 37.43 pence (37.48), and 0.8303 Swiss francs (0.8380).
The Australian dollar was buying $1.1304 ($1.1264).
The trade weighted index was at 65.27 (65.31), while the monetary conditions index was at plus 510 (513), and 90-day bank bills were at unchanged at 5.42 per cent.
On the debt market, April 2004 bonds were at 5.27 per cent (5.28), February 2006s were at 5.84 per cent (5.78) and November 2011s were at 6.23 per cent (6.16).
- NZPA
<i>Currency:</i> Holiday week sees Kiwi trade sideways
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