The New Zealand dollar traded lower during today's local session after coming under pressure against currencies other than the greenback.
The kiwi was buying US65.78c at 5pm in Wellington from US66.02c at 5pm last night, having traded in a US65.70c to US66.20c range. The Australian dollar was buying US75.18c this (US75.32c at 5pm yesterday).
"The crosses kept the kiwi under a bit of pressure today a National bank dealer said.
The dealer said there had also been, "a bit of kiwi/aussie selling today and the kiwi/aussie cross has moved lower throughout the day".
On the crosses, the kiwi was buying A87.51c (A87.61c), 0.5340 euro (0.5346), 70.21 yen (70.24), 35.58 British pence (35.72), and 0.8282 Swiss francs (0.8300).
New Zealand dollar is likely to gain more direction tomorrow and Friday with the release of fourth quarter current account and gross domestic product figures.
Meanwhile, the US dollar was buying 106.74 yen at 5pm in Wellington (106.72) and the euro was at US$1.2320 (US$1.2352).
The trade-weighted index was at 65.55 (65.74), while the monetary conditions index was at 535 (556).
Ninety-day bank bill yields were at 5.51 per cent (5.52).
The February 2006 yields were unchanged at 5.28 per cent, July 2009s were at 5.50 per cent (5.52), and April 2013s were at 5.65 per cent (5.68).
- NZPA
<i>Currency:</i> Kiwi comes under pressure on crosses
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