5.55pm
Talking of rising interest rates in China and the United States helped push the New Zealand dollar lower throughout today's session, a broker said.
At 5pm, the kiwi was at US62.01c (US62.74c), having traded between US61.90c and US62.40c today. It had opened at US62.23c.
The Australian dollar was at US68.11c (US68.40c).
BNZ currency strategist Sue Trinh said the kiwi, much like the aussie, was pushed lower by a downside bias during today's session.
"The pressure has really been on the aussie and the kiwi's followed the aussie lower," Ms Trinh told NZPA today.
"Generally, the appetite for Australasian currencies has been weak over the past 24 hours," she said.
The possibility that China and the United States would lift their respective benchmark interest rates was behind the lack of appetite for Australasian currencies, Ms Trinh said.
At present, both the kiwi and aussie were resting on their support levels.
Meanwhile, the US dollar was fetching 109.66 yen (110.06), and the euro was buying US$1.1985 (US$1.2016).
On the other crosses, the kiwi was buying A91.02c (A91.63c), 33.93 British pence (34.34), 0.5175 euros (0.5219 euros), 68.00 yen (69.00), and 0.7812 Swiss francs (0.7941).
The the trade-weighted index was at 63.67 (64.37), while the monetary conditions index was at plus 459 (512).
On the money market, 90-day bank bill yields were at 6.14 per cent (6.12), February 2006 bonds were at 5.98 per cent (6.00), July 2009s were at 6.15 per cent (6.17), and April 2013s were at 6.27 per cent (6.34).
- NZPA
<i>Currency:</i> NZ dollar pushed lower by possibility of China and US lifting rates
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