5.35pm
The New Zealand dollar's recent fall was arrested today as worse than expected US economic data robbed the greenback of some of its recent strength.
At 5pm in Wellington the kiwi was buying US63.01c from US61.99c at the same time yesterday, having traded between US62.46c and US63.09c.
The Australian dollar was buying US73.39c (from US72.90c at 5pm yesterday).
"We opened around our lows and closed around the highs," ANZ Investment Bank senior dealer Mark Elliott said.
He said the kiwi saw "buying interest out of Asia" and the kiwi's move "pretty much mirrored action in the aussie and euro".
Across the board, moves were related to a renewed bout of weakness in the US dollar.
The greenback has retraced some of its recent gains in the past 24 hours after the release of worse than expected US jobless and inflation data.
The US dollar was buying 109.48 yen at 5pm in Wellington (109.33), while the euro was buying US$1.1924 (US$1.1828).
On the crosses, the kiwi was buying A85.86c (A85.09c), 0.5284 euro (0.5240), 35.51 British pence (35.02), 68.96 yen (67.78), and 0.8241 Swiss francs (0.8143).
The trade-weighted index was at 64.02 (63.20), while the monetary conditions index was at plus 431 (367).
On the debt market, 90-day bank bill yields were at 5.30 per cent (5.59).
The February 2006 yields were at 5.58 per cent (5.60), July 2009s were at 5.89 per cent (5.94), and April 2013s were at 6.08 per cent (6.12).
- NZPA
<i>Currency:</i> NZ dollar pops u-turn as greenback falters
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