The New Zealand dollar is up about one-third of a US cent from the same time yesterday but continued volatility in the big dollar is likely to see the kiwi bounce around current levels.
Bank of New Zealand foreign exchange strategist Raiko Shareef said the Reserve Bank of Australia's decision to leave the cash rate unchanged has had little impact on the local currency.
He said the market was mostly focused on the US dollar.
At 5.20pm the kiwi was trading at 78.03 US cents, 89.18 Australian cents, 48.63 British pence, 0.6182 euro, 85.09 yen and 4.79 renminbi.
NZ shares down
The New Zealand sharemarket fell today, with the benchmark Top 50 Index falling 6 points to 5236.
The New Zealand sharemarket fell today, with the benchmark Top 50 Index falling 6 points to 5236.
The managing director of Salt Funds Management, Paul Harrison, says the retail stocks were generally weaker.
Vista's share price was up 21 cents to $3.40.
Pumpkin Patch's share price fell 2 cents to 40 cents.
The Warehouse was down 5 cents to $3.07.
Xero was down 4 cents to $21.50.
At about 3:30pm a large parcel of over 1.5 million shares in Kathmandu traded hands. The share price ended down 3 cents to $2.96.
