The New Zealand dollar fell against the greenback after US fourth-quarter gross domestic product was revised up and gained versus the euro after weaker than expected inflation data from Spain and Germany.
The kiwi dollar declined to 70.02 US cents as at 8am in Wellington from 70.26 cents late yesterday. It rose to 65.48 euro cents, the highest in 10 days, from 65.33 cents.
The third estimate for US fourth-quarter GDP was a revision up to 2.1 per cent annualised rate from 1.9 per cent previously reported, reflecting a gain in consumer spending.
The US dollar rose to a two-week high against a basket of currencies, helped by a weaker euro amid speculation the European Central Bank won't soon unwind its policy of providing extraordinary stimulus to the regional economic bloc.
Adding to that speculation, Germany's annual inflation slowed to 1.5 per cent on an EU harmonised basis in March from 2.2 per cent in February, while in Spain the pace slowed to 2.1 per cent from 3 per cent.