5.55pm
The New Zealand dollar pushed back over the US66 cent mark today, trading in a range of US65.70c and US66.19c.
At 5pm, the kiwi was at US66.09c (from US65.37c the same time yesterday), and the Australian dollar was at US75.80c (US74.96c).
A Wellington broker expected the kiwi to trade in a US65.90c and US66.30c range in tonight's offshore session.
The broker said the kiwi and aussie dollars were trading strongly on the back of continuing weakness in the greenback.
Investor sentiment was also buoyed by the issue of a $250 million eurokiwi bond last night.
Negative domestic data which hinted at a coming slowdown in the local economy did not dent the kiwi.
The monthly National Bank business outlook survey released early this morning found a net 42 per cent of firms expected business conditions to deteriorate in the coming 12 months, up from 28 per cent in February.
International data is likely to have more of an impact.
The European Central Bank will meet overnight on Thursday (NZT) with the market speculating it will cut its benchmark rate in coming months.
The latest non-farm payroll data from the US will be released overnight (NZT) on Friday.
The broker said that this payroll information was likely to set the direction of the dollar for the next two to three weeks.
Meanwhile, the euro was at US$1.2174 (US$1.2182), while the greenback was buying 104.29 yen (105.57).
On the crosses, the kiwi was buying A87.20c (A87.21c), 0.5409 euro (0.5367), 68.97 yen (69.00), 36.07 British pence (35.89), and 0.8435 Swiss francs (0.8384).
The trade-weighted index was at 65.70 (65.31), while the monetary conditions index was at plus 553 (523).
Ninety-day bank bill yields were at 5.52 per cent (5.53).
The February 2006 yields were at 5.33 per cent (5.36), July 2009s were at 5.61 per cent (5.62), and April 2013s were at 5.77 per cent (5.58).
- NZPA
<i>Currency:</i> Kiwi pushes back over US66c mark
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