The New Zealand dollar consolidated near its 14 month highs while the Australian dollar yesterday ground out new 14 month highs.
The kiwi closed at US44.80c compared with its close on Monday at US44.73c after trading a narrow range.
The aussie closed virutally unchanged from Monday's close at US54.07c after hitting a new 14 month peak of US54.23c.
The weakening US dollar was the main influence. Today's Australian Consumer Price Index data will be the main local influence and is expected to be the ensure the Reserve Bank of Australia raises official rates at its next meeting.
On the crosses, the kiwi continued to make ground against most currencies. It closed at A82.82c (A82.69c at Monday's close), 0.5020 euro (0.5027), 58.20 yen (58.17), 30.90 pence (30.92) and 0.74.13 Swiss francs (0.7371).
The aussie was buying $NZ1.2061 ($NZ1.2098).
The monetary conditions index ended the day at minus 443 (minus 452), the trade weighted index was at 53.58 (53.47), and 90-day bank bills were flat at 5.76 per cent.
On the debt market, the April 2004 bond yields closed at 6.22 per cent (6.24), the November 2006s were steady at 6.68 per cent, and the November 2011s were flat at 6.88 per cent.
- NZPA
<i>Currency:</i> Kiwi retains strength as Aussie dollar grinds higher
AdvertisementAdvertise with NZME.