KEY POINTS:
The New Zealand dollar traded in a US2c range yesterday, dropping in afternoon trading after threatening post-float highs.
The dramatic moves are all in reaction to the twists and turns in global financial markets engulfed by the crisis surrounding US bank Bear Stearns.
The kiwi touched US82.13c - the same as the 23-year post-float high touched in late February and on Friday and again traded as high as US82.00c yesterday.
The Kiwi dollar plunged in afternoon trading to US80.23c and by 5pm it settled at US80.55c.