KEY POINTS:
The New Zealand dollar tracked down against the US greenback slowly and surely through a narrow range overnight in what is predicted to be a quiet week.
At 8am today it was worth US51.73c, down from US51.92c at 5pm yesterday.
Overnight it reached a high of US52.03c and as low as US51.58.
The week started with risk appetite still hamstrung, almost non-existent as the NZD trades lower, albeit at a slow pace, said BNZ Capital currency strategist Danica Hampton.
The NZD reflected all major foreign exchanges following the G7 meeting over the weekend and the communique which made it apparent there is no "quick fix" to the troubles ailing the global economy, she said.
This morning the kiwi also showed little variation against the other main currencies. It was slightly up against its Australian counterpart, to A79.64c from A79.60c.
It was down against the euro to 0.4048 from 0.4066, down against the Japanese yen to 47.44 from 47.60, and also down fractionally against the British pound, to 36.28p from 36.50p.
- NZPA
