KEY POINTS:
The dollar firmed yesterday but commentators said it was "looking tired" and financial diaries for this week are bereft of events likely to ignite major movement.
Against the US dollar, the kiwi was buying US72.64c at 5pm, up from US72.57c soon after 8am and US72.55c on Friday afternoon.
It was helped by weakness in the US dollar on Friday after a surprisingly weak report on existing home sales. The US was unlikely to provide direction overnight because that market had its Memorial Day holiday on Monday.
The ANZ Bank said this week would start quietly with holidays also in Britain and Germany.
The dollar looked set to be trapped within ranges, though technically it remained in a downtrend.
The topside for the dollar looked to be solidly capped at US72.80c, but should the support level of US72.36c be broken a quick move to below US72c could be expected.
BNZ said concerns about the situation in North Korea over the weekend weighed on the yen, helping currencies gain on the yen cross.
"For the coming week it is important to keep an eye on global equities markets for a barometer of carry trade sentiment," BNZ said.
Against the Australian dollar, the kiwi was buying A88.67c from A88.55c at 4.30pm on Friday.
- NZPA
