5.25pm
The New Zealand dollar was range-bound around US67c in dull trading today.
By 5pm, the kiwi was buying US67.02c, unchanged from yesterday's close, having traded in a range of US66.80c to 67.07c.
"We will take our leads from external factors," said ANZ chief dealer in New Zealand, Murray Hindley.
He said US Fed chairman Alan Greenspan would give some indication on interest rates when he met with bankers and then US data due later in the week would dictate direction.
The kiwi softened yesterday as the greenback rose in the wake of the weekend's G7 meeting of finance ministers and central bankers in Washington. In a statement late on Friday, the G7 countries reiterated a call for more "flexibility" in the exchange rates of major economies, which many analysts understood as a reference to China, whose yuan currency remains pegged to the dollar.
However, it made no direct reference to China, relieving dollar bulls who had feared a strong G7 position on China would cause Asian currencies to appreciate against the US dollar.
The aussie was at US72.07c (US72.16c at 5pm yesterday), the euro was buying US$1.2270 (US$1.2362) and the greenback was buying 110.87 yen (110.73).
The Reserve Bank of Australia is meeting tomorrow, but is widely expected to leave interest rates unchanged.
On the crosses the kiwi was fetching A92.95c (A92.88c), 37.54 British pence (37.39) 74.35 yen (74.21), 0.8480 Swiss francs (0.8409), and 0.5462 euros (0.5422).
The New Zealand dollar trade-weighted index (TWI) was at 67.97 (67.81), while the monetary conditions index was at plus 850 (839).
In the money market, 90-day bank bill yields were at 6.78 per cent from 6.77 per cent. On the bond market, February 2006s were at 6.25 (6.28), July 2009s were at 6.14 per cent (6.16) and April 2013s were at 6.11 per cent (6.15).
- NZPA
<i>Currency:</i> Kiwi dollar range bound around US67c
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