The New Zealand dollar lost ground against the greenback today but gained on other crosses, particularly the Australian dollar.
The kiwi ended an uneventful session at US61.81c against US61.96c at the same time yesterday.
Against the Australian dollar, the kiwi lifted back above A81c, ending on A81.04c from A80.83c yesterday.
The kiwi had slumped recently to a 4-1/2-year low of A80.30c.
ANZ bank said today the kiwi found support again at the bottom of its recent trading range.
"The market has sold a lot of NZD and looks very contented," ANZ said.
The kiwi recovered ground lost overnight against other major currencies, with the trade-weighted index ending on 61.68 from 61.75.
Forecasts from three out of four top Australian and New Zealand banks expected the kiwi to fall further against the aussie.
The US dollar stayed in sight of a three-week low against the yen on expectations the Federal Reserve will refrain from raising interest rates again next week.
The dollar, which slumped after softer-than-expected US growth data at the end of last week, got little reprieve from comments on the rate outlook by Fed officials.
Expectations that the central bank will hold off raising rates at its August 8 policy meeting remain strong.
The market is in wait-and-see mode ahead of a batch of US data due this week, with the main focus on July non-farm payrolls data due on Friday, a trader said.
The following are Reuters currency rates:
5pm today 5pm Monday
NZ dlr/US dlr US61.81c US61.96c
NZ dlr/Aust dlr A81.04c A80.83c
NZ dlr/euro 0.4851 0.4855
NZ dlr/yen 70.88 70.87
NZ dlr/stg 33.13p 33.22p
NZ TWI 61.68 61.75
Australian dollar US76.32c US76.66c
Euro/US dollar US1.2748 US1.2764
US dollar/yen 114.66 114.37
- NZPA
<i>Currency:</i> Kiwi loses against US, recovers ground on aussie
AdvertisementAdvertise with NZME.