5.45pm
The kiwi had a slow drift down during a subdued local session today, a Wellington dealer said.
At 5pm today in Wellington, the kiwi was buying US66.62c (from US66.64c at 5pm on Friday), having traded in a range of US66.60c to US66.88c during the local session.
Westpac currency dealer Basil Payn said the kiwi opened at the high end of today's range before drifting down during the day -- partly due to profit taking from Asia.
"But it has been very quiet, subdued markets... there's not too much going on today," he said.
He said the kiwi seemed to have reasonably good support around US66.50c and he expected it hold around that level, possibly tracking back towards US66.90c once the New Zealand market closes.
The coming week is a busy one on the data front with trade figures, consumer confidence, household credit, business confidence and building consents all due for release.
Meanwhile at 5pm today, the aussie was buying US71.18c (US71.23c at 5pm on Friday) the euro was at US$1.2282 (US$1.2283), and the greenback was buying 110.64 yen (110.52).
The New Zealand dollar trade-weighted index (TWI) was at 67.64 (67.66), while the monetary conditions index was at plus 818 (819).
On the crosses, the kiwi was fetching 0.5425 euro (0.5426), 36.89 British pence (37.09), 73.71 yen (73.65), and 0.8396 Swiss francs (0.8393).
In the money market, 90-day bank bill yields were at 6.71 per cent (6.70 per cent).
On the bond market, February 2006s were at 6.36 per cent (6.35), July 2009s were at 6.22 per cent (6.21) and April 2013s were at 6.20 per cent (6.19).
- NZPA
<i>Currency:</i> Kiwi drifts down in local session
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