The New Zealand dollar made a small comeback yesterday, regaining some ground after it lost 1USc overnight.
By 5pm the kiwi was buying 56.7USc, from 57.45USc late on Tuesday and up from its early level of 56.46USc.
The New Zealand dollar and its companion commodity currencies, the Australian and Canadian dollars, took a hiding in Tuesday night's overseas session as the greenback was supported by increasing confidence in a US economic rebound.
Bancorp Treasury Services director Earl White said the kiwi found some reasonable buying interest from exporters, and rose in tandem with the Australian dollar during the day after the release of retail sales data across the Tasman.
The local market's focus remains today's Reserve Bank Monetary Policy Statement, although key data tomorrow will be United States employment data which is expected to provide another piece of the US economic recovery puzzle.
The Reserve Bank of New Zealand is widely expected to leave rates untouched at 5 per cent, although the accompanying statement should give some indication of the bank's future intentions.
On the crosses at 5pm the kiwi was buying 88.98Ac (89.25Ac), 65.82 (67.09), 36.21 pence (36.61p), 0.8050 Swiss francs (Sf0.8081), and €0.5252 (€0.5253).
The aussie was at 63.73USc, from 64.36USc on Tuesday.
The 10-year bond yield was up sharply at 6.12 per cent.
- NZPA
<I>Currency:</I> Kiwi hit hard by greenback
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