5.32PM
The kiwi held firm but stuck to a tight range against the United States dollar today.
At 5pm the kiwi was buying US66.17c compared with US65.87c at 5pm yesterday, having ranged between US66.15c and US66.38c during today's local session.
BNZ currency strategist Sue Trinh said the kiwi maintained strength against its major crosses, as well as against the greenback, as the market was waits for its next directional queue.
Releases due out of the US tonight includes manufacturing data, business inventory and industrial production data. Tomorrow night the latest US consumer price index will be released.
Last night the US announced a current account gap of US$166.18 billion ($256 billion), up on analysts' expectations of a $155.35 billion deficit and much worse than the upwardly revised $147.16 billion in the previous three months.
While the US dollar was checked by the current account figures, the euro was pegged back by a weak German investors confidence report.
At 5pm in Wellington today, the Australian dollar climbed up over US69.96c compared with US69.87c last night.
The euro weakened to US$1.2237 from US$1.2260 yesterday while the US dollar weakened to 109.71 yen from 109.94 at yesterday's close.
The New Zealand dollar trade-weighted index was at 67.38 (67.07), while the monetary conditions index was at plus 793 (773).
Against the crosses, the kiwi was buying A94.59c (A94.29c), 0.5409 euro (0.5374), 36.91 British pence (36.65), 72.61 yen (72.43), and 0.8341 Swiss francs (0.8293).
In the money market, 90-day bank bill yields were at 6.65 per cent (6.68).
On the bond market, February 2006s were at 6.27 per cent (6.29 per cent), July 2009s were at 6.17 per cent (6.19 per cent), and April 2013s at 6.13 per cent (6.15).
- NZPA
<i>Currency:</i> Kiwi holds firm in tight range
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