The New Zealand dollar traded in an uninspired 8 point range yesterday and looked to be settling in for a quiet week in the absence of local data releases.
At 5pm the kiwi was at 41.65USc from 41.67c at Friday's end, having been knocked off its perch above 42USc late last week by a false foot-and-mouth rumour.
A local currency dealer said it had traded in a 41.59-67c range yesterday.
"There was nothing happening. The kiwi traded in an eight-point range. Basically Monday is easily our quietest day and there was just no data out," he said.
"There is no clear direction at the moment so overnight we will just basically be tracking the aussie dollar."
He picked the kiwi would trade between 41.57c and 41.75c overnight.
The Australian dollar closed locally at 52.66USc from 52.60c on Friday.
The euro was slightly firmer against the US dollar, ending at 86.34USc from 86.17c on Friday.
Dealers said the European unit was supported by speculation in some quarters that the European Central Bank might intervene to prop up the currency after Sweden's central bank, the Riksbank, bought the Swedish crown against the US dollar and the euro.
- NZPA
<i>Currency:</i> Kiwi flat on lack of data
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