Late Change NZD/USD 0.8222 -0.0106 NZD/AUD 0.7929 -0.0012 NZD/JPY 62.905 -0.945 April 2013 Bond 2.935% -6.5 bps May 2021 Bond 4.415% -6.5 bps 10-Year U.S. Spread +238 bps +6.0 bps 90-Day Bank Bill 2.86% -3.0 bps WELLINGTON (Dow Jones)--The New Zealand was weaker late Friday, though off earlier lows, in trading that was largely rangebound. "It is not doing much today. It has had a bit of a rest and the focus will all be on equities tonight as there is no real data," says Westpac currency strategist Imre Speizer. The Kiwi took a tumble when risk aversion spiked overnight amid heightened concerns about U.S. growth and the potential for a credit freeze in Europe, and investors remained nervous as Asian markets also fell sharply. Speizer said, however, Wall Street might post a small positive later in the global trading day as "last night was quite vicious." A small gain would be enough to hold the Kiwi fairly steady and he said support should hold at US$0.8080 while resistance is around US$0.8330. Traders said that a lack of local data would mean investors will remain focused on offshore markets for direction. Risk aversion across the globe also pushed government bonds higher. "People are pretty nervous out there," a local bond trader said. -By Rebecca Howard, Dow Jones Newswires; 64-4-471-5990; rebecca.howard@dowjones.com

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