The New Zealand dollar maintained its recent strength yesterday as American names bought again on technical factors in a thin market.
The kiwi finished at 42.58USc in a volatile session during which it went as high as 42.68c and as low as 41.87c.
"Around lunch we saw buying emerge from State-side interests," one dealer said.
"It's been pretty aggressive stuff - not necessarily on large volume but there just hasn't been the liquidity in the market to handle it.
The kiwi was untroubled by the Reserve Bank's monetary policy statement.
"A lot of people are saying the Reserve Bank is overly hawkish, but this currency isn't really an economy story. It's a purely technically driven market," the dealer said.
Ninety-day bill yields jumped to 6.72 per cent from 6.67 per cent.
- NZPA
<i>Currency:</i> Kiwi gains in volatile session
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