The New Zealand dollar was little changed in quiet trading yesterday ahead of retail sales data and a government economic and fiscal update today.
The NZ dollar was US74.82c at 5pm from US74.95c at 5pm on Friday.
The US dollar has been firm after US bond yields surged as nascent improvements in the US economy continued, and a deal appeared to be reached on extending Bush-era US tax breaks.
In New Zealand, the focus is on upcoming data and the deteriorating yield gap with the US market.
"Household savings are on the road to recovery, well in advance of whatever the savings working group recommends. But Government finances are digging themselves a bigger hole," BNZ said.
Retail sales data for October, which is due today, is the one of the last reports before the September quarter gross domestic product report on December 23. Economists are picking a small expansion in the economy but there is a chance it contracted.
The euro was weak yesterday and that helped the NZ dollar rise to 0.5670 from 0.5657 on Friday. It was little changed at 62.89 from 62.74 on Friday.
The NZ dollar was little changed at A76.00c from A75.89c at 9.15am and A76.05c at 5pm on Friday.
The trade weighted index rose to 67.79 from 67.73.
- NZPA
Little change to Kiwi on quiet day
File photo / Dean Purcell
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