The New Zealand dollar climbed slightly higher against its United States counterpart after today hitching a ride with the Australian dollar.
At 5pm, the kiwi was fetching US61.44c (from US61.07c at 5pm on Friday), while the aussie was at US70.80c (US70.49c).
The kiwi traded between US61.30c and US61.46c in today's session.
A National Bank broker said the kiwi's gains today came despite a relatively stable greenback.
"The kiwi's rise is on the back of a stronger aussie," the broker told NZPA today.
The aussie's rise could be pinned to a better than expected retail sales figures showing a 0.6 per cent rise in consumer spending in September.
"It (the kiwi) has shown a bit of life as a result, but not on big volume," the broker said, adding that the kiwi had further consolidated its gains of last week.
Meanwhile, the US dollar was at 110.18 yen (108.94), while the euro was at US$1.1581 (US$1.1626).
On the crosses the kiwi was buying A86.78c (A86.64c), 67.71 yen (66.54), 36.28 pence (36.00), 0.8239 Swiss francs (0.8141), and 0.5308 euro (0.5253).
The Australian dollar was at $1.1523 ($1.1540).
The trade weighted index was at 63.48 (62.98), the monetary conditions index was at plus 355 (314), and 90-day bank bills were at 5.25 per cent (5.24).
On the debt market, yields on April 2004 bonds were at 5.19 per cent (5.17), February 2006s were at 5.77 per cent (5.75), and November 2011s were at 6.13 per cent (6.15).
- NZPA
<i>Currency:</i> NZ dollar rides its Australian counterpart to finish higher
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