5.40pm
The New Zealand dollar idled through the day in what one broker labelled a typical case of "Mondayitis" ahead of an exciting week.
At 5pm, the kiwi was fetching US64.11c (from US64.05c at market's close on Friday), while the Australian dollar was at US72.50c (US72.15c).
Westpac currency strategist Johnathan Bayley said the kiwi was bound in the tight range of US64.00c to US64.11c, with little impetus to move outside of it.
"It's been a very quiet day today, dead as a doornail," Mr Bayley told NZPA.
"It suppose there wasn't a lot in the final sessions last week to be exploited...by the local market (today)," he said, adding that the domestic trading had lost momentum.
However, all eyes were on the Reserve Bank's (RB) review of the official cash rate (OCR) on Thursday, Mr Bayley said.
The OCR is 5.0 per cent, but market watchers are evenly split on whether RB governor Alan Bollard will lift or cut it.
Later in the week, the kiwi could also be affected by statistics out of the United States.
"So it's been a quiet start to what's going to be quite an interesting week," Mr Bayley said.
At 5pm, the euro was at US$1.2026 (US$1.1919), while the greenback was buying 109.78 yen (109.44).
On the crosses, the kiwi was buying A88.43c (A88.79c), 0.5331 euro (0.5370), 70.38 yen (70.11), 37.17 pence (37.34), and 0.8261 Swiss francs (0.8310).
The Australian dollar was buying $1.1308 ($1.1269).
The trade weighted index was at 65.29 (65.40), while the monetary conditions index was at plus 514 (520), and 90-day bank bills were at 5.44 per cent (5.42).
On the debt market, April 2004 bonds were unchanged at 5.28 per cent, February 2006s were at 5.86 per cent (5.85) and November 2011s were at 6.25 per cent (6.23).
- NZPA
<i>Currency:</i> NZ dollar idles through quiet day
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