5.00pm
Importers pounced on the New Zealand dollar's strength against the United States and Australian dollars, ultimately pushing those crosses lower today, a broker said.
At 5pm, the kiwi was at US63.37c (from US62.30c at 5pm yesterday), having traded between US63.33c and US63.98c.
Dovish comments by US Federal Reserve chairman Alan Greenspan and US CPI data out last night had caused the greenback to move lower.
The Australian dollar was at US69.51c (US68.46c).
Westpac chief currency dealer Basil Payn said the kiwi opened on its highs, but edged lower in afternoon trade today.
"There's been profit taking out of Asia, and importers taking advantage of the higher levels, which we haven't seen for a while," Mr Payn told NZPA today.
"We're seeing selling (of) kiwi-US, kiwi-euro, kiwi-aussie, and kiwi-yen," he said.
The kiwi-aussie cross was at A91.18c (A90.99c), holding a level close to a 14 month high.
The trade-weighted index -- which measures the kiwi against a basket of currencies -- was at 64.60 (63.92), having opened at 65.01.
Meanwhile, the US dollar was fetching 109.59 yen (110.71 yen), and the euro was buying US$1.2146 (US$1.2071).
On the other crosses, the kiwi was buying 34.57 British pence (34.35), 0.5217 euros (0.5158 euros), 69.43 yen (68.94), 0.7915 Swiss francs (0.7818).
On the money market, 90-day bank bill yields were at 6.13 per cent (6.11), February 2006 bonds were at 5.98 per cent (6.04 per cent), July 2009s were at 6.15 per cent (6.25) and April 2013s were at 6.32 per cent (6.43).
The monetary conditions index was at plus 529 (474).
- NZPA
<I>Currency:</I> Importers pounce on stronger kiwi crosses
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