The New Zealand dollar eased more than a full cent against a resurgent United States dollar buoyed by improved consumer confidence, a broker said.
At 5pm, the kiwi was at US62.79c, down 111 basis points from its closing level of US63.90c yesterday.
Today, the kiwi opened on its highs of US63.15c.
The Australian dollar was at US68.86c (US69.87c), also down a full cent against the US dollar.
Bank of New Zealand broker Phil Burns said today's session saw the kiwi extend its overnight losses.
"The price of gold's a bit off, (the price of) oil is slightly easier so it seems the market was more comfortable with the stronger US dollar story," Mr Burns told NZPA today.
"Locally, there's been ongoing fund selling... people are getting their (forex) positions square," he said.
Some of the greenback's strength had come from robust US consumer confidence data out last night.
The consumer confidence number for June was 101.9, a two-year high that surpassed market expectations of a rise to 95.
The report fuelled sharp dollar gains across the board.
Meanwhile, the market is looking to an expected rates rise by the US Federal Reserve tomorrow morning.
The greenback was fetching 108.64 yen (108.36), while the euro was at US$1.2086 (US$1.2182).
On the crosses, the kiwi was buying A91.20c (A91.44c) 34.73 British pence (34.95), 0.5195 euro (0.5245), 68.20 yen (69.23), and 0.7940 Swiss francs (0.7967).
The trade-weighted index was at 64.14 (64.90), while the monetary conditions index was at plus 498 (557).
On the money market, 90-day bank bill yields were unchanged at 6.17 per cent.
On the bond market, the February 2006s were at 6.06 per cent (6.07), July 2009s were at 6.21 per cent (6.23) and April 2013s were unchanged at 6.32 per cent.
- NZPA
<i>Currency:</i> Kiwi eases through today's session and investors square positions
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