The New Zealand dollar traded in a tight range today, ahead of key data out later this week.
The kiwi closed at US61.13c which, although it was still stronger than Friday's close of US60.40c, failed to find much support from Friday's disappointing US jobs data.
Dealers said the kiwi was up against the US dollar but had lost a lot of ground in the last week against the Australian dollar.
Other currencies to benefit included the euro and yen, which were at one month highs today as the weaker US data raised hopes that the cycle of climbing US interest rates might slow down.
At today's close in Wellington, the euro was higher at US1.2816c (1.2770c on Friday) and the US dollar was down to 113.97 yen (115.17 yen).
The yen was also underpinned by hopes the Bank of Japan would raise interest rates later this week, for the first time in nearly six years.
Locally, dealers are watching for key data including New Zealand retail sales figures and Australian job data out on Thursday.
Murray Hindley, chief foreign exchange dealer for the ANZ, said there was "really nothing" to bolster the kiwi except for further softening of the US dollar.
The ANZ said this week's data could mean a move lower for the kiwi against the Australian currency towards A80c. It closed today at A81.33c (A80.99c).
5pm today 5pm Friday
NZ dlr US61.13c US60.40c
NZ dlr/Aust dlr A81.37c A80.99c
NZ dlr/euro 0.4777 0.4730
NZ dlr/yen 69.48 69.55
NZ dlr/stg 33.05p 32.88p
NZ TWI 61.07 60.62
Australian dollar US75.13c US74.56c
Euro/US dollar US1.2887 US1.2770
US dollar/yen 113.62 115.17
- NZPA
<i>Currency:</i> Kiwi fails to make much impression on weaker greenback
AdvertisementAdvertise with NZME.