The dollar was largely unfazed yesterday by the higher-than-expected inflation figure.
At 5 pm, it was at 44.57USc. It started the day at 44.53USc after closing on Tuesday at 44.62USc.
"It was quite a frustrating day," one currency dealer said.
"Very little trade went through in the spot markets.
"There appeared not to be any interest rate plays around. It was really a nothing day."
The kiwi and the aussie traded within a very tight range, he said.
The Australian dollar barely budged at a better-than-expected housing finance report saying mortgage demand rose 6.7 per cent in November.
The market had been expecting a flat outcome after two negative months.
The aussie was at 55.48USc about 5 pm, after closing at 55.75USc on Tuesday.
The dealer said it appeared all eyes were still on the yen, the euro and the US dollar. The United States Federal Treasury is set to release its own December CPI data, which could offer the market some much-needed clues as to the Fed's next rate move.
On the crosses the kiwi was at 80.33Ac, 52.17 yen, 30.29p, 0.9264 marks, 0.7286 Swiss francs, and 0.4736 euros.
The trade-weighted index was at 51.24 and the 90-day bills rate was at 6.60 per cent.
On the debt market, the March 2002 yields were at 6.00 per cent.
- NZPA
<i>Currency:</i> Kiwi shrugs off inflation news
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