The New Zealand dollar rallied from its lows yesterday morning but ended the day down, with the currency relatively quiet, a forex dealer said.
The kiwi closed at 46.14USc, up from its opening price of 45.95c but down from 46.17c at the end of Thursday trade.
The Australian dollar locally strengthened to 58.59USc from 59.03c at Thursday's close.
Citibank forex dealer Dean Sheridan said the kiwi traded between 45.91c and 46.48c.
He expected the currency to trade between 45.80c and 46.30 overnight ahead of United States producer price index data.
On the cross rates, the kiwi rose to 78.76Ac from 78.22c, while against other major currencies it was at 49.99 yen (49.93); 30.71 pence (30.70); 0.9659 marks (0.9592); 0.7635 Swiss francs (0.7631); and 0.4938 euro (0.4904).
The Trade Weighted Index was firmer at 51.79.
With the yield on 90-day bank bills unchanged at 6.82 per cent, the Monetary Conditions Index tightened from minus 520 to minus 505.
On the bond market, the April 2004s were at 6.72 per cent (6.76) and July 2009s at 6.71 per cent (6.77).
In New York, US treasuries surged as the Federal Reserve bought Treasury securities in the open market.
- NZPA
Kiwi off lows but closes flat
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