5.55pm
The kiwi was little changed at the end of today's local session, having stuck to a tight trading range.
At 5pm today the kiwi was buying US66.92c from US66.93c at 5pm last night, having traded in a range of US66.84c to US67.01c during the day.
BNZ currency strategist Sue Trinh said the kiwi seemed to have hit a brick wall in its struggle to break through the US67c level.
"I think what is really going to be needed to see the kiwi take a firm grip of that level and potentially move higher are more data weak data out of the US,"she said.
Another factor which would help support the kiwi in the near term would be continued strength in oil prices.
The kiwi was not the only sluggish currency today, with the general market also fairly quiet.
"We've had a pretty good move over the past couple of days but it just seems that the markets are now consolidating and taking a bit of a breather from those moves," Ms Trinh said.
She said the market was waiting on data out of the US to provide direction. Due out tonight are initial jobless claims and personal income and spending data. Tomorrow night's releases include US manufacturing and construction data.
At 5pm in Wellington, the Australian dollar was buying US71.61c (US71.63c at 5pm yesterday), the greenback was buying 110.91 yen (111.11), and the euro was unchanged at US$1.2323.
On the crosses the kiwi was fetching A93.40c (A93.42c), 37.20 British pence (36.93) 74.23 yen (74.35), 0.8431 Swiss francs (0.8426), and 0.5430 euro (0.5430).
The New Zealand dollar trade-weighted index (TWI) was at 67.86 (67.85), while the monetary conditions index was at plus 838 (830).
In the money market, 90-day bank bill yields were at 6.74 per cent (6.70).
On the bond market, February 2006s were at 6.27 per cent (6.26), July 2009s were at 6.16 per cent (6.15) and April 2013s were unchanged at 6.14 per cent.
- NZPA
<i>Currency:</i> Kiwi still struggling to break through US67c
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