The New Zealand dollar spent the day hovering below the fresh nearly four-year high reached during the weekend.
By 5pm, the kiwi was at US55.91c, down slightly from Friday's US55.96c close, while the aussie was buying US59.87c (US59.94c on Friday).
In New York on Friday night, the kiwi rallied to US56.04c - a new high not seen since May 1999.
One local dealer said the kiwi was closing today near the top of its range and was set to push on higher overnight.
"It traded between US55.70/95c today. Volumes have been reasonably light but it still has a bid tone. We're looking for the upward bias to continue."
He picked the kiwi to trade in a wider range overnight of US55.70c and US56.20c.
In Asian trade today, the US dollar fell against the yen, hit by reports Japan would name an opponent of inflation targeting to head the Bank of Japan, while hints of a possible cut in euro-zone interest rates undermined the euro.
In Wellington by 5pm, the US dollar had inched up slightly from Friday's close to buy 118.36 yen (118.30 yen on Friday), and the euro was weaker at $US1.0736 ($US1.0824).
On the crosses at 5pm, the New Zealand dollar put in a mixed performance against its major trading partners, buying A93.40c (A93.37c), 0.52.08 euro (0.5169), 66.18 yen (66.20), 35.45 pence (35.10) and 0.7653 Swiss francs (0.7591).
The aussie slipped against the New Zealand dollar to $NZ1.0709 ($NZ1.0740).
The trade-weighted index was at 61.57 (60.03), 90-day bills were at 5.82 per cent (5.84), and the monetary conditions index was at plus 261 (plus 251).
On the bond market, April 2004 government bonds were at 5.44 per cent (5.42), the November 2006s were at 5.43 per cent (5.41), and the November 2011s were at 5.83 per cent (5.81).
- NZPA
<i>Currency:</i> Kiwi ends quiet session near top of range
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