The New Zealand dollar had a quiet session yesterday with trading pegged in a very tight range.
By 5pm the kiwi was at US58.15c from Friday's US57.95c close, while the aussie was also higher, at US66.80c (US66.43c).
One local dealer said the kiwi traded between US58.10/26c today.
"It's a Monday, put it down to that. It was a quiet day, we haven't seen a great deal of movement in the (US) dollar, and the market's really waiting for London to come in and see what they do."
He picked a range of US58.05/45c overnight.
The greenback found no friends during the weekend on the release of weaker than expected consumer confidence data.
In Tokyo today the US dollar was still on the defensive as speculation hotted up that the consumer data was one more reason for the United States to ease interest rates on June 24.
In Wellington at 5pm the euro was at US$1.1877 (US$1.1766), and the US dollar was at 117.66 yen (117.64 yen).
On the crosses at 5pm, the kiwi was buying A87.06c (A87.24c on Friday), 68.44 yen (68.16 yen), 34.77 pence (34.67), 0.7558 Swiss francs (0.7599), and 0.4899 euro (0.4925).
The monetary conditions index was at plus 164 (166), the trade-weighted index was at 61.15 (61.11) and 90-day bank bill yields were at 5.19 per cent (5.28).
The February 2005 yields were at 4.68 per cent (4.71), the November 2006s were at 4.69 per cent (4.72), and the November 2011s were at 4.97 per cent (5.01).
- NZPA
<I>NZ currency:</I> Quiet kiwi suffers Monday-itis, closes firmer
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