The New Zealand dollar closed below US65 cents today, losing nearly three quarters of a cent in 24 hours.
The kiwi was sent lower along with other counter-dollar currencies as the United States dollar continued to flex its muscles in the wake of Friday's robust jobs data.
The kiwi finished on US64.81c - around a half a cent lower than its 2004 starting level.
It had started the session on US65.08c, having fallen from US65.56c at 5pm yesterday.
Dealers said everything depended on the US dollar, where the end to the low interest rate regime is now in sight as the US economy gathers momentum.
They said that US64.80c was an important chart point for the kiwi but they said the US dollar could correct before it headed higher again.
The Australian dollar closed here at US75.23c (from US75.70c at 5pm yesterday).
Meanwhile the US dollar was fetching 106.35 yen at 5pm in Wellington (104.59), and the euro was buying US$1.2021 (US$1.2096).
On the crosses, the kiwi was buying A86.16c (A86.60c), 0.5400 euro (0.5419), 68.93 yen (68.56), 35.59 British pence (35.87), and 0.8447 Swiss francs (0.8478).
The trade-weighted index was at 65.05 (65.35), while the monetary conditions index was at plus 508 (532).
Ninety-day bank bill yields were at 5.54 per cent (5.57).
The February 2006 yields were unchanged at 5.49 per cent, July 2009s were at 5.83 per cent (5.86), and April 2013s were at 6.03 per cent (6.06).
- NZPA
<i>Currency:</i> NZ dollar falls below US65c
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