The New Zealand dollar has tumbled more than a cent against the greenback since Friday, on the back of better than expected employment data out of the United States.
At 5pm in Wellington, the kiwi was buying US65.56cc (from US66.70c at 5pm on Friday), having traded between US65.45c and US65.90c in today's local session.
The Australian dollar was at US75.70c (US76.52c).
A Wellington dealer said the kiwi dropped a long way straight after the announcement of stronger than anticipated US non-farm payroll data on Friday night New York time, and the market was still trying to assimilate the information today.
The payroll figures showed US employers added workers at the quickest pace in four years, swelling payrolls by 308,000, compared with expectations of about 122,000.
The news raised market expectation that the US Federal Reserve could move to lift interest rates, causing the US dollar to strengthen and leading to weakness in the euro.
The dealer said the kiwi was going into tonight's London session slightly under pressure as high yield investors looked to be trying to offload the New Zealand dollar.
He said the kiwi could dip as low as US65.10c in tonight's offshore session.
But the payroll data did not have much of an impact on the greenback against the yen. The US dollar was fetching 104.59 yen at 5pm in Wellington (104.06).
Meanwhile, the euro was buying $US1.2096 ($US1.2362).
On the crosses, the kiwi was buying A86.60c (A87.19c), 0.5419 euro (0.5396), 68.56 yen (69.37), 35.87 British pence (35.97), and 0.8478 Swiss francs (0.8424).
The trade-weighted index was at 65.35 (65.87), while the monetary conditions index was at plus 532 (567).
Ninety-day bank bill yields were at 5.57 percent (5.53).
The February 2006 yields were at 5.50 percent (5.36), July 2009s were unchanged at 5.86 percent, and April 2013s were at 6.06 percent (5.81).
- NZPA
<I>Currency:</I> Kiwi tumbles more than a cent against the greenback
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