5.40pm
The New Zealand dollar continued to be mired in a tight range today with little action in the domestic trading session, a broker said.
At 5pm, the kiwi was at US64.82c (from US64.49c at 3pm on December 24), while the Australian dollar was at US74.21c (US73.90c).
Westpac chief currency dealer Basil Payn said the kiwi had been quiet today, trading in the narrow range of US64.65c to US64.83c.
"It's very dead today and the market has only traded about four times this afternoon," he told NZPA today.
The local forex market should regain some of its momentum after the Christmas and New Year period, Mr Payn said.
The kiwi had traded higher on offshore markets after the local close last Wednesday, closing at about US64.70c before Christmas Day.
It had failed to make significant progress beyond that mark in subsequent sessions.
Meanwhile, the euro was at US$1.2448 (US$1.2403 before Christmas Day) and the greenback was buying 107.03 yen (107.49).
On the crosses, the New Zealand dollar was buying A87.36c (A87.29), 0.5208 euro (0.5200), 69.37 yen (69.32), 36.53 pence (36.57), and 0.8122 Swiss francs (0.8107).
The monetary conditions index was at plus 469 (456), the trade-weighted index was at 64.81 (64.66), and 90-day bank bills were unchanged at 5.35 per cent.
On the debt market, April 2004 bonds were at 5.14 per cent (5.15), February 2006s were at 5.60 per cent (5.64), and November 2011s were at 5.86 per cent (5.93).
- NZPA
<i>Currency:</i> NZ dollar mired in quiet Christmas, New Year trading
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