5.40pm
It was a case of watch and wait for the New Zealand dollar today as currency players readied themselves for key interest rate news out of the United States and Australia tomorrow, a broker said.
At 5pm, the kiwi was at US62.56c (from US62.55c at the same time yesterday), having traded in the US62.45c and US62.65 band today.
The Australian dollar was at US72.33c (US71.96).
A National Bank spokeswoman described today's domestic session as "very quiet" following a spate of Asian market holidays early this week.
"There's really nothing going on," she said, noting there had been some aussie-kiwi stop-loss trading today.
Tomorrow morning NZT the United States Federal Reserve reviews its benchmark interest rate, currently at 1 per cent, but the market is not expecting a rise.
A little later in the morning the Reserve Bank of Australia is reviewing its benchmark interest rate, but is not expected to lift it from its current 5.25 per cent.
Meanwhile, the greenback was buying 110.26 yen (110.30), while the euro was buying US$1.1960 (US$1.1973).
On the crosses, the kiwi was fetching A86.47c (A86.90c), 35.26 British pence (35.20), 68.97 yen (68.96), 0.8127 Swiss francs (0.8107), and 0.5235 euro (0.5223).
The trade-weighted index was at 63.78 (63.76), while the monetary conditions index was at plus 437 (434).
On the debt market, 90-day bank bill yields were unchanged at 5.83 per cent.
The February 2006 yields were at 5.74 per cent (5.73), July 2009s were at 6.02 per cent (6.01), and April 2013s were at 6.18 per cent (6.17).
- NZPA
<I>Currency:</I> NZ dollar steady ahead of key interest rate news
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