The New Zealand dollar spent today's session consolidating after the past 48 hours saw a resurgent United States dollar force it lower.
At 5pm, the kiwi was fetching US63.76c (from US64.72c at the same time yesterday), having traded between US63.28c and US63.66c today.
At market's close tonight, the Australian dollar was at US73.77c (US74.73c).
ANZ chief foreign exchange dealer Murray Hindley said the kiwi took a breather today after being shunted lower by a stronger US dollar over the past two nights.
"I think both the kiwi and aussie are opportunities to push lower, but probably we needed some consolidation after giving up 3 per cent (against the US dollar)," he told NZPA.
The US dollar spiked higher last night on stronger investor sentiments after better than expected consumer price index (CPI) figures were released.
The CPI was up 0.5 per cent in March, better than economists' forecasts of a 0.3 per cent increase.
The figures are the latest in a strong run of data out of the US which have raised expectations that the US Federal Reserve will move to raise rates sooner than anticipated.
Meanwhile, the greenback was buying 108.40 yen (107.00), and the euro was at US$1.1946 (US$1.1924).
On the crosses, the kiwi was buying A86.41c (A86.62c), 0.5336 euro (0.5426), 69.13 yen (69.22), 35.68 British pence (35.68), and 0.8272 Swiss francs (0.8420).
The trade-weighted index was at 64.53 (65.16), while the monetary conditions index was at plus 468 (517).
Ninety-day bank bill yields were at 5.57 per cent (5.56 per cent).
The February 2006 yields were unchanged at 5.56 per cent, July 2009s were static at 5.92 per cent and April 2013s were at 6.10 per cent (6.11).
- NZPA
<i>Currency:</i> NZ dollar in consolidation mode
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