The kiwi eased during today's local session little affected by slightly worse than expected gross domestic product (GDP) data.
At 5pm in Wellington, the kiwi was buying US64.55c from US65.07c at 5pm last night, having traded between US64.35 and US64.75c.
The Australian dollar was buying US74.05 at 5pm (US74.38c at 5pm yesterday).
"The kiwi pretty much just felt heavy today," a Wellington dealer said.
Today's GDP figures indicated showed economy grew by 0.6 per cent in the December quarter, compared with economists's forecasts of a 0.8 per cent increase.
"The GDP data didn't do too much to the currency today being around expectation pretty much," the dealer said.
Meanwhile, German research institute IFO's closely watched pan-German business climate index would, via its effect on the euro, provide the kiwi with its next set of directions.
The dealer expected the kiwi to trade in a US64.30 to US64.80 range tonight.
On the crosses, the kiwi was buying A87.19c (A87.49c at 5pm last night), 0.5315 euro (0.5364), 68.50 yen (69.02), 35.64 British pence (35.66), and 0.8259 Swiss francs (0.8307).
Meanwhile, the US dollar was buying 106.13 yen at 5pm in Wellington (106.07) and the euro was at US$1.2147 (US$1.2130).
The trade-weighted index was at 64.75 (65.21), while the monetary conditions index was at 481 (516).
Ninety-day bank bill yields were unchanged at 5.53 per cent.
The February 2006 yields were at 5.29 per cent (5.28), July 2009s were at 5.52 per cent (5.51), and April 2013s were at 5.67 per cent (5.66).
- NZPA
<i>Currency:</i> Kiwi little affected by GDP figure
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