A muted day's trade saw the New Zealand dollar consolidate recent gains as activity slowed in advance of the weekend's G7 meeting in Dubai.
By 5pm the kiwi was at US58.72c from US58.39c late yesterday, while the aussie rose to US66.85c (US66.42c).
"It's been a reasonably quiet day", Westpac chief currency dealer Basil Payn said.
"We sort of consolidated a little bit of gains. There's been a little bit of buying of kiwi and aussie ahead of the G7 meeting this weekend. There's a bit of worry that there might be some call for a weaker US dollar."
Mr Payn said the kiwi traded in a US58.45c to US58.83c range today. He said trade in the New Zealand dollar should remain quiet during tonight's offshore session and picked a range of US58.50c to US59c.
M eanwhile, by 5pm the euro was at US$1.1256 (US$1.1273), while the US dollar was buying 115.36 yen (116.02).
On the crosses, the kiwi was at A87.85c (A87.89c yesterday), 67.74 yen (67.75), 36.31 pence (36.33), 0.8139 Swiss francs (0.8062), and 0.5217 euro (0.5179).
The Australian dollar was buying $1.1385 ($1.1376).
The monetary conditions index was at plus 260 (240), the trade-weighted index was at 62.38 (62.17) and 90-day bank bill yields were unchanged at 5.18 per cent.
The February 2005 Government bond yields were at 5.32 per cent (5.29), the November 2006s were at 5.56 per cent (5.53), and the November 2011s were at 5.89 per cent (5.85).
- NZPA
<i>Currency:</i> Kiwi consolidates gains in quiet session
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