5.45pm
While staking its territory above the US67c mark today, the kiwi gained on the crosses and was closing in on an all time high against the aussie.
At 5pm in Wellington the kiwi was buying US67.15c near the bottom of its range today of US67.13c having traded as high as US67.33c. It was also buying A93.03c (A92.75c at 5pm Friday), close the A93.47c closing high it reached in February last year.
The aussie was buying US72.17c (US72.46c on Friday).
Following volatile moves offshore on Friday, the kiwi had seen "a bit of consolidation today," ANZ Investment Bank chief foreign exchange dealer Murray Hindley said.
Local Producer Price Index data today showing the prices of goods and services used by New Zealand producers rose at their fastest rate in nearly three years in the second quarter had little effect on the kiwi, Mr Hindley said.
Forex markets would in the short term remain focused on oil price movements and June quarter US GDP due later in the week.
This afternoon the euro was buying US$1.2296 (from US$1.2376 at 5pm on Friday), and the greenback was fetching 109.22 yen (109.07).
On the other crosses the kiwi was buying 0.5461 euro (0.5431), 36.97 British pence (36.66), 73.32 yen (73.31), and 0.8408 Swiss francs (0.8348).
The monetary conditions index was at plus 806 (795), while the trade weighted index was at 67.78 (67.76).
On the money and debt markets, 90-day bank bill yields were at 6.49 per cent (6.48 per cent), February 2006 bonds were unchanged at 6.19 per cent, July 2009s were at 6.19 per cent (6.15), and April 2013s were at 6.22 per cent (6.17).
- NZPA
<i>Currency:</i> Kiwi eyes highs against Aussie
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