The New Zealand dollar slid away from a seven-month high this morning as investors awaited US jobs data out tonight.
The kiwi dollar peaked at US66.38c before closing at US66.17c, compared with yesterday's close at US66.35c .
Also off a seven-month high was the TWI which hit 66.87 at the session's open, but closed at 66.72 .
The kiwi also softened against the Aussie dollar, closing at A88.71c, compared with A89.04c yesterday, its highest level since March.
The surge has been attributed to demand from Japanese buyers as well as switching out of the Australian dollar , hard hit by softer commodity prices.
However, selling from various offshore accounts saw the local currency break through key support levels to a session low of US66.06c.
Dealers said the kiwi's yields were still relatively attractive and should underpin a resistance level of US66.60c overnight.
Speculation that US non-farm payrolls data tonight will be higher than expected has lent some support to the US currency.
But BNZ currency strategist Danica Hampton said she was expecting a "modest result" which was expected to leave the kiwi dollar rangebound.
Next week the market will look for a lead from Tuesday's NZIER quarterly survey of business opinion and August retail sales numbers on Friday.
Rates:
5pm today 5pm Thursday
NZ dlr/US dlr US66.17c US66.35c
NZ dlr/Aust dlr A88.71c A89.04c
Z dlr/euro 0.5216 0.5225
NZ dlr/yen 78.14 78.10
NZ dlr/stg 35.26p 34.17p
NZ TWI 66.17 66.82
Australian dollar US74.60c US74.53c
Euro/US dollar 1.2685 1.2698
US dollar/yen 118.06 117.73
- NZPA
<i>Currency</i>: Kiwi softens from seven month highs
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