The New Zealand dollar closed slightly higher today in a session that saw several commodity currencies capitalise on broad United States dollar weakness.
At 5pm, the kiwi was buying US66.14c (from US65.47c at market's close yesterday), having traded between US65.86c and US66.25c.
The Australian dollar was at US76.59c (US75.96c).
BNZ currency strategist Sue Trinh said weakness in the greenback helped the kiwi, aussie and euro to close higher today.
"The kiwi's been ebbing and flowing in a range. The kiwi has received a bid tone on the back of US dollar weakness," she told NZPA today.
"The US dollar has born the brunt of position squaring as people are taking some of their money off the table ahead of the long (Easter) weekend," she said.
Among the themes playing out ahead of the Easter were the threat of terror attacks and the growing levels of violence and chaos in Iraq.
Meanwhile, the euro was at US$1.2192 (US$1.2087), while the greenback was buying 105.85 yen (105.71).
On the crosses, the kiwi was buying A86.36c (A86.20c), 0.5425 euro (0.5416), 70.01 yen (69.22), 35.87 British pence (35.57), and 0.8426 Swiss francs (0.8455).
The trade-weighted index was at 65.78 (65.43), while the monetary conditions index was at plus 563 (529).
Ninety-day bank bill yields were at 5.55 per cent (5.56).
The February 2006 yields were at 5.49 per cent (5.46), July 2009s were at 5.78 per cent (5.79), and April 2013s were at 5.95 per cent (5.96).
- NZPA
<i>Currency:</i> US dollar weakness helps the kiwi higher ahead of Easter
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