5.45pm
The New Zealand dollar had a quiet session today as an Australian holiday took some heat out of local trade, a dealer said.
At 5pm in Wellington, the kiwi was buying US63.70c from US63.29c at the same time on Friday having traded between US63.60c and US63.90c today.
The kiwi made some gains against the greenback over the weekend on news that US second-quarter gross domestic product (GDP) had expanded at a slower than expected 3.0 per cent pace.
The Australian dollar was at US70.15c (US69.97c at 5pm on Friday).
A Wellington dealer said a holiday in New South Wales today meant "there was very little going on in the trading section".
The session's only data of interest was an Australian retail sales number "which was a bit more disappointing than expected".
However, that prompted the kiwi to rise against the aussie, and by 5pm it was buying A90.82c from A90.46c on Friday.
This evening the dealer expected the kiwi to trade in a range of US63.55c to US63.95c.
Later in the week Australia's Reserve Bank meets to review interest rates but was not expected to budge from its current 5.25 per cent.
Meanwhile, the greenback was at 111.13 yen (111.91), while the euro was at US$1.2064 (US$1.2046).
On the crosses, the kiwi was buying 34.94 British pence (34.84), 0.5281 euro (0.5257), 70.79 yen (70.86), and 0.8113 Swiss francs (0.8099).
The trade weighted index was at 65.12 (64.85) and the monetary conditions index was at plus 596 (572).
On the money and debt markets, 90-day bank bill yields were at 6.39 per cent (6.34), February 2006 bonds were at 6.12 per cent (6.16), July 2009s were at 6.19 per cent (6.25), and April 2013s were at 6.28 per cent (6.35).
- NZPA
<i>Currency:</i> Kiwi gains against aussie as NSW takes holiday
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