The New Zealand dollar spent today's local session trading in a new lower range after extending recent losses last night, but continuing US dollar strength looked likely to sink it further tonight, a dealer said.
At 5pm the kiwi was at US61.99c from US62.40c at the same time yesterday having traded between US61.84c and US62.34c.
The Australian dollar was at US72.90c (US73.09c 5pm last night).
"Basically we've just been trading a range," a Wellington dealer said.
"We look a bit heavy at the moment and kiwi looks like it's going to have a look at the downside tonight down around the US61.60c level.
"The (US) dollar strength story still remains," the dealer said.
The greenback was fetching 109.33 yen at 5pm (108.79), while the euro was buying US$1.1828 ($1.1838).
Meanwhile, the kiwi also continued to ease on most of the crosses. At 5pm i t was buying A85.09c (A85.42c) , 0.5240 euro (0.5275) and 35.02 British pence (35.01).
Elsewhere, the kiwi was buying 67.78 yen (67.92), and 0.8143 Swiss francs (0.8199).
The trade-weighted index was at 63.20 (63.48), while the monetary conditions index was at plus 367 (389).
Ninety-day bank bill yields were at 5.59 per cent (5.60).
The February 2006 yields were at 5.60 per cent (5.61), July 2009s were static at 5.94 per cent, and April 2013s were at 6.12 per cent (6.14).
- NZPA
<i>Currency:</i> Kiwi trades lower range, looks likely to ease further
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