The New Zealand dollar traded in a tight range during in a quiet day on the world's money markets.
At 5pm, the New Zealand dollar was buying US58.25c from US58.17 at 5pm on Friday, while the aussie was at US66.76c (US66.64c).
BNZ currency strategist Sue Trinh said the kiwi opened in the US5820/25c range and by 5pm had settled back in that range.
During the day it traded between a low of US58.15c and a high of US58.31c, she said, adding that the day's trading was "very quiet".
"That reinforces the range trading nature of the market at the moment," Ms Trinh told NZPA.
"We think the kiwi is going to be consolidating now given its moves in recent sessions."
In future sessions the kiwi had to push through the key US58.20/25c region towards US58.80c, Ms Trinh said.
Against the aussie the kiwi was A87.24c (A87.29c).
The euro was at US1.1441 in Wellington tonight, from $US1.1448 at 5pm last night.
The US dollar was buying 119.85 yen (119.43)
On the crosses at market's close, the kiwi was buying 69.80 yen (69.47), 35.23 pence (34.98), 0.7867 Swiss francs (0.7843), and 0.5093 euro (0.5081).
The monetary conditions index was at plus 239 (230), the trade-weighted index was at 62.01 (61.88) and 90-day bank bill yields were at 5.27 per cent (5.28).
The February 2005 yields were at 4.88 per cent (4.90), the November 2006s were at 4.94 per cent (4.97), and the November 2011s were at 5.29 per cent (5.33).
- NZPA
<i>Currency:</i> Kiwi trades in tight range
AdvertisementAdvertise with NZME.