5.55pm
The New Zealand dollar held firm today, trading in line with movements in the euro during today's local session.
At 5pm tonight the kiwi was fetching US64.86c (from US64.55c at 5pm on Friday), having traded between US64.75 and US65.15c today.
The Australian dollar was at US74.56c (US74.05).
A Wellington broker said it was a light trading session today, with no major data releases affecting the New Zealand dollar. He said the focus for the kiwi this week would be the release of business outlook data later this week.
Offshore, Japan's finance minister today said his government had not changed its policy on currency intervention, dismissing newspaper reports that it planned to stop its intervention campaign.
Coming up later this week, the European Central Bank is set to meet overnight on Thursday (NZT), and the market is speculating it will cut its benchmark rate in coming months.
The euro was at US$1.2088 (US$1.2147), while the greenback was buying 105.54 yen (106.13).
On the crosses, the kiwi was buying A86.97c (A87.19c), 0.5365 euro (0.5315), 68.44 yen (68.50), 35.80 British pence (35.64), and 0.8345 Swiss francs (0.8259).
The trade-weighted index was at 64.97 (64.75), while the monetary conditions index was at plus 496 (481).
Ninety-day bank bill yields were unchanged at 5.53 per cent.
The February 2006 yields were at 5.36 per cent (5.29), July 2009s were at 5.61 per cent (5.52), and April 2013s were at 5.78 per cent (5.67).
- NZPA
<i>Currency:</i> Kiwi holds firm on quiet day of trading
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