5.52pm
The kiwi was again confined to tight ranges in today's trading.
At 5pm today in Wellington the kiwi was buying US65.69c from US65.30c at 5pm yesterday, having traded in a tight range of US65.45c to US65.67c during today's local session.
BNZ currency strategist Sue Trinh said the kiwi rallied up to US65.81c overnight, but a late US dollar rally in New York saw the kiwi come off to around the mid-US65c range where it has hovered for much of the day.
"It's really just been to-ing and fro-ing in tight ranges all day," Ms Trinh said.
The greenback weakened early on last night, on the back of softer than expected US consumer confidence and regional business data, but rebounded late in the session.
All eyes are now on US non-farm payrolls data for August, due out on Friday. The data is seen as a key factor in whether the US Federal Reserve will move to raise interest rates when its policy-setting committee meets on September 21.
Meanwhile the aussie was buying US70.46c (US70.23c at 5pm last night). The Australian Bureau of Statistics today reported gross domestic product (GDP) for the June quarter rose an adjusted 0.6 per cent, compared to 0.5 per cent for the previous quarter.
At 5pm today in Wellington, the euro was at US$1.2184 (US$1.2082) and the greenback was fetching 109.26 yen (109.62).
On the crosses, the kiwi was buying A93.11c (92.98c), 0.5385 euro (0.5405), 36.40 British pence (36.30), 71.69 yen (71.55), and 0.8308 Swiss francs (0.8316).
The trade weighted index was at 66.71 (66.58), and the monetary conditions index was at plus 732 (712).
On the money market, 90-day bank bill yields were at 6.55 per cent (6.51).
February 2006 bond yields were unchanged at 6.19 per cent, July 2009s were unchanged at 6.18 per cent and April 2013s were at 6.18 per cent (6.20).
- NZPA
<i>Currency:</i> Kiwi continues to trade in tight range
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