5.55pm
The New Zealand dollar spent today's local session trading at the firmer level it attained on Friday after the greenback faltered on weaker than expected economic data.
At 5pm in Wellington the kiwi was buying US64.77c from US63.84c at 5pm Friday and US64.80c at 8.30am today, having traded in a US64.61c to US64.83c range. The aussie was buying US71.38c (US70.43c on Friday).
A Westpac dealer said the kiwi had traded in a relatively narrow range today after Friday's rise and would probably trade quietly tonight due to a market holiday in the US associated with Independence Day celebrations.
The kiwi rose a cent during Friday's overseas session due to weaker than expected non-farm payroll data which weighed on the greenback.
"But really the market's going to wait until the full market's back in to see whether we extend these gains."
At 5pm in Wellington, the greenback was fetching 108.75 yen (109.01 yen at 5pm Friday) while the euro was at US$1.2323 (US$1.2177).
On the crosses, the kiwi was buying A90.75 (A90.65c), 35.34 British pence (35.07), 0.5256 euro (0.5240), 70.44 yen (69.60), and 0.7970 Swiss francs (0.7965).
The trade-weighted index was at 65.41 (64.85), while the monetary conditions index was at plus 602 (559).
On the money market, 90-day bank bill yields were unchanged at 6.23 per cent.
On the bond market, the February 2006s were at 6.02 per cent (6.03), July 2009s were at 6.11 per cent (6.15) and April 2013s were at 6.24 per cent (6.28).
- NZPA
<i>Currency:</i> Kiwi holding at higher level before US holiday
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