The New Zealand dollar ended firmer yesterday, as talk of central bank intervention in its Australian counterpart circulated in the market.
The kiwi finished at 40USc from 39.58c on Thursday.
The aussie, which along with the euro sets much of the local dollar's direction, was somewhat higher at 52.33USc from 51.14c.
The New Zealand dollar ranged widely yesterday, from 39.35c to 40.07c.
"Most of the day it's been pretty quiet, but there has been a bit of [overseas]buying on the close," a currency dealer said.
"We are very much watching the Reserve Bank of Australia (RBA). It's been rumoured that they have been in a couple of times."
Such rumours powered the aussie higher on Thursday.
The dealer saw a base at 39.80c but the focus was on topside risk given possible further RBA buying of the aussie.
On the crosses the kiwi was at 76.34Ac (75.91c), 27.67 pence (27.31), and 0.4649 euro (0.4600).
The TWI was at 46.78 (46.33) and with 90-day bill yields at 6.64 per cent (6.65) the MCI tightened to minus 1053.
The debt market was unchanged, the February 2001s, April 2003s, July 2009s and November 2011s steady at 6.54 per cent, 6.60 per cent, 6.64 per cent and 6.66 per cent, respectively.
- NZPA
<i>Currency:</i> Oz intervention talk lifts $NZ
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