The New Zealand dollar was rangebound yesterday, closing just one point shy of its opening level.
"The range has been US50.22c to US50.30c today (Thursday)," Bank of New Zealand forex manager Mike Symonds said yesterday.
"There is really nothing much to say. Options players are dominating the aussie -- which is boxed in a very tight range -- and that's impacting on the kiwi."
By 5pm the kiwi was at US50.25c from US50.26c at 9am and US50.20c at yesterday's close, while the Australian dollar ended the local session at US56.12c (US56.05c).
Figures out today showing falling export prices took their toll on the September quarter's terms of trade, which fell 1.8 per cent compared with the previous quarter, had no impact on the kiwi, Mr Symonds said.
All eyes would be on data due out today including retail sales and current account figures from the United States and the key "Tankan" business sentiment survey from Japan, he added.
Against its key trading partners at 5pm the kiwi was buying A89.55c ( A89.57c at yesterday's close), 0.4981 euro (0.4981), 62.09 yen (61.94), 31.91 pence (31.97), and 0.7346 Swiss francs (0.7351).
The Australian dollar was at $1.1164 ($1.1166).
The trade weighted index was at 57.23 (57.17), the monetary conditions index was at minus 95 (minus 100), and the 90-day bank bill yield was at 5.94 per cent (5.93).
On the bond market, the April 2004s were at 5.75 per cent (5.76), the November 2006s were at 6.00 per cent (6.01), the November 2011s were at 6.33 per cent (6.34), and the April 2013s were at 6.37 per cent (6.39).
- NZPA
<i>Currency:</i> Kiwi takes a breather after unsustained rally
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