6.00pm
The New Zealand dollar traded sideways today as markets awaited key US inflation data due out tonight (NZT).
By 5pm in Wellington the kiwi was buying US66.62c from US66.52c at the same time yesterday and little changed from its US66.61c local open this morning, having traded in a US66.40c to US66.80c range.
ANZ Investment Bank chief foreign exchange dealer Murray Hindley said today was "pretty much range-bound ahead of some key US CPI (consumers price index) data".
Mr Hindley didn't expect the kiwi to trade much out of a US66.20c to US66.80c range until markets gained direction from the US numbers.
As well as the CPI figures, US industrial production and housing starts data was also due for release tonight (NZT).
Meanwhile at 5pm in Wellington the aussie was at US71.84c (US71.78c at 5pm yesterday), the euro was at US$1.2360 (US$1.2371) and the greenback was fetching 110.51 yen (110.51 yen).
On the crosses, the kiwi was buying A92.73c (A92.69c), 0.5390 euro (0.5377), 36.20 British pence (36.13), 73.57 yen (73.59) and 0.8263 Swiss francs (0.8249).
The monetary conditions index was at plus 771 (766) and the trade weighted index was at 67.32 (67.24).
On the money and debt markets, 90-day bank bill yields were unchanged at 6.49 per cent, February 2006 bonds were at 6.19 per cent (6.16), July 2009s were at 6.21 per cent (6.17), and April 2013s were unchanged at 6.26 per cent (6.19).
- NZPA
<i>Currency:</i> Kiwi trades sideways ahead of US data
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