The kiwi softened during the day's trading, but there was no big reaction to the release of the latest Consumers Price Index (CPI), a broker said.
At 5pm the kiwi was at US65.11c (from US65.75c at 5pm yesterday and US65.26c at 8.30am today), having ranged between US65.20c and US65.45c today.
The Australian dollar was at US72.41c (US72.45c).
ANZ Investment Bank senior dealer Mark Elliott said there was little reaction to the mid-morning release of the June quarter CPI, which was in line with market expectations.
The CPI was up 0.8 per cent in the June quarter, marginally lower than the average 0.9 per cent increase picked by economists in a Reuters poll. Year on year, CPI was up 2.4 per cent, in line with economists' predictions.
US economic data came in weaker than expected last night, with retail sales for June down 1.1 per cent, exceeding economists' forecasts of a 0.6 per cent decline.
Excluding a large decline in auto sales, retail purchases fell a smaller 0.2 per cent. Economists had expected a rise of 0.2 per cent excluding autos.
Mr Elliott said there has been some selling pressure on the kiwi, particularly against the Australian dollar.
"Overnight the kiwi's weakened but the aussie did not, so there was obviously quite a bit of selling pressure of the kiwi against the aussie," Mr Elliott said.
At 5pm today the kiwi-aussie cross was at A89.90c (A90.74c).
On the crosses, the kiwi was buying 35.18 British pence (35.42), 0.5266 euro (0.5331), 71.28 yen (71.75), and 0.8013 Swiss francs (0.8127).
Ninety-day bank bill yields were unchanged at 6.25 per cent, February 2006 bonds were at 6.02 per cent (6.00), July 2009s were unchanged at 6.09 per cent and April 2013s were at 6.17 per cent (6.18).
The monetary conditions index was at plus 614 (662) and the trade weighted index was at 65.55 (66.18).
- NZPA
<i>Currency:</i> Kiwi slips, but little reaction to CPI
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