The New Zealand dollar finished on a quiet note after an eventful week in which it dipped and dived around the 42USc mark.
The kiwi closed at 41.99USc in thin trade, not far from its opening price of 41.89USc.
One dealer said the kiwi had a day of consolidation after a spike up to 42.53USc overnight. "We've seen some mixed fortunes for the kiwi this week. It decoupled from the aussie and the euro and shone a little itself, and it's joined back in again.
"I think the aussie still has room to go to the downside, and obviously the kiwi has, too. The fundamentals haven't changed. Any rally should be sold into."
The Australian dollar closed at 55USc after slumping to an all-time low of 54.82USc overnight Thursday, following rumours that the Reserve Bank of Australia had intervened. The aussie has fallen 4.3 per cent in the past two weeks, and 18 per cent since January.
Bank of New Zealand chief dealer Mike Symonds said the pressure was still on the downside for the aussie, and the RBA's reported action would only smooth the ride down.
On the crosses, the kiwi jumped more than a cent against the aussie to close at 76.35Ac from 75.04Ac on Thursday.
- NZPA
<i>Currency:</i> Kiwi gains against sorry Aussie
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