KEY POINTS:
The New Zealand dollar was mixed, reflecting shifts in the US dollar in thin trading as investors awaited the outcome of the US presidential election.
The NZ dollar climbed strongly overnight to a two-week high against the greenback, as the United States currency endured its biggest one-day drop against a basket of currencies in 13 years.
But the US dollar rose during the NZ dollar's domestic session.
The NZ dollar was buying US60.48c by 5pm, having peaked earlier today at its highest level in two weeks near US61.30c, after climbing from US58.70c at 5pm yesterday.
It has support around US59c and faces resistance around US61.50c.
Investors were betting that global interest rate cuts will stimulate growth and alleviate the global financial crisis.
As the New Zealand session ended US television networks were declaring Democrat Barack Obama winner.
The NZ dollar market is expected to focus on employment data tomorrow and the New Zealand election on Saturday.
The NZ dollar was at A87.20c at 5pm from A88.44c at the same time yesterday.
It was unchanged at 0.4670 euros. Against the yen, the kiwi was 60.35 yen from 57.95 yen yesterday evening. The trade weighted index was 60.62 at 5pm from 59.75.
Currency rates:
NZ dlr/US dlr US60.48c US58.70c
NZ dlr/Aust dlr A87.20c A88.44c
NZ dlr/euro 0.4670 0.4670
NZ dlr/yen 60.35 57.95
NZ dlr/stg 37.87p 37.40p
NZ TWI 60.62 59.75
Australian dollar US69.36c US66.34c
Euro/US dollar 1.2957 1.2556
US dollar/yen 99.78 98.68
- NZPA
