The New Zealand dollar closed firmer but, once again, traded in a narrow range as did currencies elsewhere.
It finished at US41.65c (US41.43c on Wednesday) with better volumes within the US41.65-80c range.
"There has been a bit of two-way interest, with some interest out of the States earlier to buy the kiwi against the aussie. But then we've had some domestic interest to sell the kiwi, so it balanced out," a currency dealer said.
The kiwi held up despite another miserable business confidence survey coming on top of a depressing consumer confidence report.
The market now turns to today's June quarter GDP figure, with expectations of a 0.5 per cent contraction. Dealers are bracing for heavy trading after the result.
Also today, many Australian corporates, including the owners of most of the big local banks, close their books, which could increase activity.
The euro held firm around US88.50c and remains the global focus as people watch for a second round of intervention by G7 central banks.
- NZPA
<i>Currency:</i> Kiwi rises on better volumes
AdvertisementAdvertise with NZME.