Today the New Zealand dollar flew lower after climbing yesterday afternoon and overnight with activities in the US dollar continuing to be the main driver of direction.
The NZ dollar was at US74.99c at 5 pm, down from US75.50c at 8am but positive from US74.56c at 5pm yesterday.
It relieved all through the domestic session after US Treasury secretary Timothy Geithner was extracted in the Wall Street Journal saying that some major currencies were generally in association.
Traders took the comment to mean the US may have found a base and the US dollar pointed higher in response to the remarks.
The NZ dollar increase to A76.28c is at 5pm from A76.45c all at once yesterday.
The market is now bearing toward a long holiday weekend and next Thursday the Reserve Bank of New Zealand utters on interest rates.
Yesterday Reserve Bank governor, Alan Bollard was inquired at a parliamentary committee about potential for involvement in the currency market and was told its decisions were inadequate.
News that China's economy extended by 9.6 percent year-on-year in the third quarter, beating forecaster estimates for 9.5 percent growth, emphasized the importance of that economy.
