The New Zealand dollar turned in an topsy-turvy performance today before finishing slightly down on yesterday's close.
At 5pm, the kiwi was at US63.29c (from US63.02c at the same time yesterday), having ranged between US62.97c and US63.44c.
It opened on today's session highs before losing ground against the US dollar, and then rallied during the afternoon.
The Australian dollar was at US69.97c (US69.81c).
Westpac chief currency dealer Basil Payn said the kiwi spent today's session consolidating on reasonable volume.
"We saw a sell-off in the aussie dollar during the course of the day and kiwi got dragged down a little bit on that," he said.
"It looked like there was some profit taking on the aussie-kiwi cross.
"Around that A90.50/60c level there was some selling in kiwi, which pushed us down to the low of US62.97c."
Asian and exporter currency buying helped prop up the kiwi.
"The kiwi has had quite a good week, really," Mr Payn said
The Reserve Bank's decision to lift the official cash rate by 25 basis points to 6.0 per cent yesterday made the local unit more attractive to offshore investors.
At market's close today, the kiwi was buying A90.46c (A90.26c).
The greenback was at 111.91 yen (111.75), while the euro was at US$1.2046 (US$1.2052).
On the crosses, the kiwi was buying 34.84 British pence (34.57), 0.5257 euro (0.5229), 70.86 yen (70.43), and 0.8099 Swiss francs (0.8047).
The monetary conditions index was at plus 572 (545), while the trade-weighted index was at 64.85 (64.54).
On the money and debt markets, 90-day bank bill yields were at 6.34 per cent (6.33), February 2006 bonds were at 6.16 per cent (6.11), July 2009s were at 6.25 per cent (6.19), April 2013s were at 6.35 per cent (6.30).
- NZPA
<i>Currency:</i> Kiwi turns in topsy-turvy performance to finish down
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