5.40pm
The New Zealand dollar inched lower in a quiet domestic session, which saw it further consolidate after last week's Reserve Bank of New Zealand (RBNZ) rate hike.
At 5pm, the kiwi was at US62.30c (from US62.63c at 5pm last night), having traded between US62.20c and US62.52c today.
The Australian dollar was at US68.46c (US68.88c).
Westpac chief currency dealer Basil Payn described trading as quiet with the kiwi-aussie and kiwi-euro cross providing some relief.
"There's been a little bit of selling kiwi in to the euro," Mr Payn told NZPA today.
At 5pm, the kiwi was fetching 0.5158 euros (0.5175).
There was "still a bit of interest to buy kiwi and sell aussie," he said.
Against the aussie, the kiwi was buying A90.99c (A90.80c), its highest level since April last year.
The trade-weighted index was at 63.92 (64.34), while the monetary conditions index was at plus 474 (503).
Another broker said the kiwi had been consolidating since the RBNZ raised the official cash rate by 25 basis points last Thursday to 5.75 per cent.
Meanwhile, the US dollar was fetching 110.71 yen (110.95 yen), and the euro was buying US$1.2071 (US$1.1970).
On the other crosses, the kiwi was buying 34.35 British pence (34.51), 68.94 yen (69.50), 0.7818 Swiss francs (0.7918).
On the money market, 90-day bank bill yields were at 6.11per cent (6.06), February 2006 bonds were at 6.04 per cent (5.93 per cent), July 2009s were at 6.25 per cent (6.22 per cent) and April 2013s were at 6.43 per cent (6.39).
- NZPA
<i>Currency:</i> NZ dollar inches lower as it consolidates
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