The New Zealand dollar spent today's session once again mired in the mid US66c band, a broker said.
At 5pm, the kiwi was fetching US66.33c (from US66.14c at market's close on Thursday), virtually unchanged from its opening level of US66.35c today.
ANZ chief foreign exchange dealer Murray Hindley said today's session saw the kiwi once again treading water in familiar territory, the US65.5c to US66.5c range.
"It doesn't look like it's going to break out (of that range) any time soon," Mr Hindley told NZPA today.
"Yield is still a factor in the appreciation of the kiwi and aussie.
"Most people (overseas investors) are still chasing yield and its pretty attractive in this part of the world," he said.
"We have seen a bit of switching out of the Canadian dollar as the Bank of Canada (looks set to) ease rates."
The Bank of Canada is reviewing its benchmark interest rate tonight NZT with the market expecting it to be cut from its current 2.25 per cent, while the United States is releasing March retail sales figures.
US economists' forecasts show the headline reading up 0.6 per cent, and a stronger than expected reading would probably lift the greenback, analysts said.
Tomorrow, Statistics New Zealand issues its February retail trade figures.
Meanwhile, the euro was at US$1.2072 (US$1.2192). The greenback was buying 105.14 yen (105.85).
On the crosses, the kiwi was buying A86.48c (A86.36c), 0.5495 euro (0.5425), 69.74 yen (70.01), 36.04 British pence (35.87), and 0.8512 Swiss francs (0.8426).
The trade-weighted index was at 66.04 (65.78), while the monetary conditions index was at plus 583 (563).
Ninety-day bank bill yields were at 5.56 per cent (5.55).
The February 2006 yields were at 5.50 per cent (5.49), July 2009s were at 5.82 per cent (5.78), and April 2013s were at 6.03 per cent (5.95).
- NZPA
<i>Currency:</i> NZ dollar mired in mid US66c range
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