5.36pm
The kiwi hovered around the US67c mark today, trading in a relatively tight range.
At 5pm the kiwi was buying US66.93c from US66.67c at 5pm last night, having ranged between US66.87c to US67.05c during the day.
BNZ currency dealer Mike Symonds said the kiwi started off strong before softening slightly this afternoon.
"We saw some early demand in both aussie and kiwi, which was I guess a follow on from the good demand we'd seen in both currencies, in fact all the high yielders, overnight," Mr Symonds said.
He said at one point during the morning the kiwi pushed up to US67.05c, before being led down by the aussie this afternoon.
"We have seen good supply on the aussie and the aussie crosses. and that has been reflected in a slightly weaker kiwi," he said.
At 5pm today the Australian dollar was buying US71.63c (US71.40c at 5pm yesterday).
The US dollar softened slightly against the Japanese yen, buying 111.11 yen, compared to 111.34 yen at 5pm yesterday. Overnight the greenback had climbed to six-week highs against the yen on concern about the impact of record-high oil prices on Japan's import-dependent economy.
While high oil prices can hurt the dollar because the United States is the world's biggest importer of crude, they tend to hurt the yen more because of Japan's complete dependence on imported oil.
At 5pm the euro was at US$1.2323 (US$1.2289).
The New Zealand dollar trade-weighted index (TWI) was at 67.85 (67.71), while the monetary conditions index was at plus 830 (823).
On the crosses, the kiwi was fetching A93.42c (A93.37c), 36.93 British pence (36.84), 74.35 yen (74.24), 0.8426 Swiss francs (0.8413), and 0.5430 euro (0.5425).
In the money market, 90-day bank bill yields were unchanged at 6.70 per cent.
On the bond market, February 2006s were at 6.26 per cent (6.27), July 2009s were at 6.15 per cent (6.16) and April 2013s were at 6.14 per cent (6.15).
- NZPA
<i>Currency:</i> Kiwi tiptoes around US67c
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