5.30pm
The New Zealand dollar continued to ease in the wake of Friday's G7 meeting in the US in a local session muted by a holiday in Australia.
At 5pm the kiwi was buying US67.02c from US67.84c at 5pm on Friday, having traded in a range of US66.85c to US67.27c.
The kiwi dropped in the wake of the weekend's G7
meeting of finance ministers and central bankers in Washington.
Westpac currency strategist Johnathan Bayley told NZPA the US dollar had dipped in the run-up to the meeting on speculation that the meeting would produce news on reform of Chinese monetary policy, "and now it's strengthening because the speculation was incorrect".
The kiwi's "big move" lower since the meeting, despite a public holiday in some Australian states including New South Wales, was driven by the market "marking up the US dollar in response to G7".
Mr Bayley said the kiwi was likely to ease further in coming sessions as the greenback found more support.
"I think this is a week where the US dollar will fare a little better."
Meanwhile at 5pm today, the aussie was at US72.16c (US72.60c at 5pm Friday) the euro was buying US$1.2362 (US$1.2423 ) and the greenback was buying 110.73 yen (110.14).
On the crosses the kiwi was fetching A92.88c (A93.44c), 37.39 British pence (37.49) 74.21 yen (74.71), 0.8409 Swiss francs (0.8457), and 0.5422 euro (0.5460).
The New Zealand dollar trade-weighted index (TWI) was at 67.81 (68.37), while the monetary conditions index was at plus 839 (876).
In the money market, 90-day bank bill yields were at 6.77 per cent (6.76).
On the bond market, February 2006s were at 6.28 (6.27), July 2009s were at 6.16 per cent (6.15) and April 2013s were at 6.15 per cent (6.13).
- NZPA
<i>Currency:</i> Kiwi continues to slip in wake of G7
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