The New Zealand dollar lost half a cent against the greenback today moving lower in concert with its Australian counterpart.
At 5pm the kiwi was at US62.55c (from US62.64c at 5pm last night), having traded between US63.02c and US62.54c.
The Australian dollar was at US68.86c (US68.77c).
"We saw the highs early on and it's basically drifted off pretty much in line with the aussie," said Deutsche Bank dealer Phil Lindberg.
"They've both been under pressure most of the day and if anything the kiwi more so."
Tonight, Mr Lindberg expected the kiwi to trade within a US62.30c to US62.80c range.
Meanwhile, at 5pm, the greenback was buying 108.52 yen (108.43), while the euro was fetching US$1.2117 (US$1.2129).
On the other crosses, the kiwi was buying A90.82c (A91.09c), 34.16 British pence (34.07), 0.5161 euro (0.5164), 67.84 yen (67.90), and 0.7797 Swiss francs (0.7791).
The trade-weighted index was at 63.79 (63.81), while the monetary conditions index was at plus 466 (469).
On the money market, 90-day bank bill yields were unchanged at 6.13 per cent, February 2006 bonds were at 6.01 per cent (6.02), July 2009s were at 6.15 per cent (6.16), and April 2013s were at 6.25 per cent (6.30).
- NZPA
<i>Currency:</i> Kiwi loses half a cent in local session
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