Starved of any local data, the New Zealand dollar had another uninspiring day, bobbing about in a narrow 30-point range.
At 5 pm the kiwi was at 40.53USc after reaching a high of 40.77c during the day and a low of 40.46c. It closed on Friday at 40.46c.
"We have barely traded," said one currency dealer. "From our perspective days like today do not involve a lot of science - we have seen more sellers than buyers and hence we are lower."
BNZ dealer Stuart Ritson said the dollar was being driven by external factors - a theme that would probably continue this week with little on offer in the way of domestic stimuli.
The next big news for the kiwi is the Reserve Bank's review of the official cash rate on April 19, and the consumers price index the day before.
- NZPA
<i>Currency:</i> Kiwi trades in thin range
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