The New Zealand dollar slumbered through Monday trade, sticking to a narrow 11 point range.
By 5pm the local unit was at US47.06c, slightly better than Friday's US46.65c close, having ranged between US46.96c and US47.07c throughout the day.
Its Australian counterpart ended at US54.77c (US 54.43c).
"We're hardly even out of the starting blocks really," Deutsche Bank dealer Graeme Blackwood said.
"It's been a very quiet Monday."
Mr Blackwood said that with the anniversary of the September 11 terrorist attacks looming, nervous investors were sticking to the sidelines.
Overnight he expected the kiwi to range between US46.80c and US47.25c.
On the data front, Japanese machinery orders and US consumer credit and wholesale inventory figures were unlikely to set the market on fire, Mr Blackwood said.
On the crosses at 5pm the kiwi was buying A85.93c (A85.70c at Friday's close), 55.74 yen (55.14), 30.17 pence (29.75), 0.6988 Swiss francs (0.6854), and 0.4792 euro (0.4694).
On the money market, 90-day bills were at 5.86 per cent (5.85), the trade-weighted index was at 53.66 (53.10) and the monetary conditions index tightened to minus 425 (minus 478).
The April 2004 bonds were at 5.61 per cent (5.51), the November 2006 bonds were at 5.88 per cent (5.84), and the November 2011 bonds were at 6.18 per cent (6.06).
- NZPA
<i>Currency:</i> Kiwi rangebound, nervous investors eye Sept 11
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