It was a case of winding up where it started for the New Zealand dollar, which spent the day in a very tight range on light volumes.
Daniel Swasbrook of Deutsche Bank said the kiwi traded between 40.00USc and 40.08c during the day. It closed at 40.06c, after kicking off at 40.02c at 7.30 am.
"It's been dead, it hasn't been a productive day really with relatively light volumes," Mr Swasbrook said.
"The aussie hasn't done a lot, the euro hasn't done a lot, we're still waiting to see what will happen with the United States election, and there was no data out today.
"The market's just taking a bit of a breather," he said.
There was no overseas interest, but that should change as Northern Hemisphere markets open overnight.
The euro slid to two-week lows against the US dollar on Friday, after indications that the presidential election might be resolved shortly.
In late New York trading the euro slipped to lows near 84.77USc - its lowest since November 1. It improved slightly in New Zealand to 84.93c at 5 pm local time.
The markets believed the presidency would be handed to Republican George W. Bush, resulting in a strong US dollar and a continuing slide for the euro and other currencies.
The kiwi reached a high of 40.33USc on Friday following the Commerce Commission's approval of Royal Dutch Shell's offer to buy Fletcher Challenge's Energy division but fell to a more modest 40.21c by the close.
- NZPA
<i>Currency:</i> Kiwi hovers around 40USc
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