6.00pm
The kiwi continued to consolidate its overnight gains in quiet trading today.
At 5pm the kiwi was buying US64.06c from US63.95c at 5pm last night. The New Zealand dollar went as high as US64.43c last night and traded between US64c and US64.32c today.
A broker said it was a quiet day's trading after a busy week which had seen some big ranges.
He said he can see one more move to the downside in the short term for the kiwi, but in the medium term expects the New Zealand dollar to strengthen.
The aussie was buying US71.31c (US71.35c at 5pm yesterday).
Data released overnight in the US was mixed, with initial jobless claims better than expected, coming in at 339,000 for the week ending July 17, against expectations of 345,000.
The US Conference Board said its index of leading indicators fell 0.2 per cent in June to 116.2m after a downwardly revised 0.4 per cent rise in May.
But these data releases did not have the same impact as the main market driver for the week, testimony mid-week from the Federal Reserve chairman Alan Greenspan on the state of the US economy.
It was Mr Greenspan's optimistic testimony to the US Congress which spurred the greenback on earlier in the week, causing the kiwi to falter.
Meanwhile at 5pm in Wellington the euro was buying US$1.2241 (US$1.2263). The greenback was buying 109.77 yen (109.82).
On the crosses, the kiwi was buying A89.79c (A89.56c), 34.77 British pence (34.73), 0.52.35 euro (0.5211), 70.32 yen (70.17), and 0.8006 Swiss francs (0.7986).
The monetary conditions index was at plus 575 (552), while the trade-weighted index was at 64.89 (64.70).
On the money and debt markets ninety-day bank bill yields were at 6.29 per cent (6.27 per cent), February 2006 bonds were unchanged at 5.98 per cent, July 2009s were at 5.98 per cent (6.01) and April 2013s were at 6.08 per cent (6.09).
- NZPA
<i>Currency:</i> Kiwi consolidates in quiet trading
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