KEY POINTS:
The New Zealand dollar hit month highs against the greenback and yen in thin trading on the weekend.
By 8am today the kiwi was buying US77.64c, having topped US78.10c early Saturday.
The NZ dollar was also buying 86.63 yen at today's local open, having peaked at 87.25 from 86.62 at the Friday close.
The ANZ bank today said the kiwi's brief spike above US78c came on extremely thin markets, before longer term sellers provided enough supply to ensure a cap.
Thinning markets were likely to deliver further erratic trading for the NZ dollar, ANZ said.
Against the Australian dollar, the kiwi was buying A88.59c at 8am today, having come close to A89c on Friday night from A88.64c at 5pm on Friday.
The NZ dollar was also buying 0.5298 euro at 8am today from 0.5312 at 5pm on Friday. The trade weighted index was 72.04 at today's local open from 72.21.
- NZPA