26 Apr 2011

NZ dollar expected to hover around 80 US cents

11:28 am on 26 April 2011

The New Zealand dollar has slipped from a three-year-high last week, but is expected to hover around the 80 US cents mark.

The kiwi on Tuesday was trading at 79.98c - just below the 80.36c reached on Monday morning.

Westpac market strategist Imre Speizer says the drop was due to a dip in commodity prices and the US equity market.

Mr Speizer says commodities and equities are the biggest factors in the kiwi's future.