The New Zealand dollar dipped to its lowest level in a week today against a broadly firmer US dollar as Reserve Bank Governor Alan Bollard left Official Cash Rates unchanged.
His comments accompanying the decision showed he did not expect any further rise this cycle.
The greenback was up ahead of growth data later in the day which will give the latest clue on the US rate outlook
Shortly after 4.30pm the kiwi was buying US61.76c, having been at US61.99c this morning. It was at US61.99 yesterday evening and rose as high as US62.30c overnight.
The NZ dollar also slid to a three-week low against the Australian dollar, buying A81.02c, against A81.39 yesterday.
It was buying 0.4868 euro from 0.4886 and 71.38 yen from 71.83.
The TWI was up from 62.10 to 62.11.
The kiwi's fall against the aussie was down to steady NZ interest rates being compounded by the prospect of higher interest rates across the Tasman, after higher than expected inflation data on Wednesday.
A drop in June building consents also didn't help the kiwi's cause.
Consents were down 13.6 per cent after rising 12.7 per cent in May.
Reuters currency rates:
5pm today 5pm Thursday
NZ dlr/US dlr US61.76c US61.99c
NZ dlr/Aust dlr A81.02c A81.39c
NZ dlr/euro 0.4868 0.4876
NZ dlr/yen 71.38 72.07
NZ dlr/stg 33.24p 33.42p
NZ TWI 62.11 62.10
Australian dollar US76.19c US76.15c
Euro/US dollar US1.2696 US1.2719
US dollar/yen 115.81 116.26
- NZPA
<i>Currency:</i> Kiwi down as greenback firms
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