Late Change NZD/USD 0.8330 -0.0038 NZD/AUD 0.7950 -0.0082 NZD/JPY 64.03 -0.245 April 2013 Bond 3.01% +4 bps May 2021 Bond 4.52% +4 bps 10-year U.S. Spread +221 bps -1 bp 90-day bank bill 2.93% +4 bps WELLINGTON (Dow Jones)--The New Zealand dollar was lower late Tuesday but remained in a tight range as volatility continued to ease. "It's just sort of flopped around" over the session, said ANZ foreign-exchange manager Murray Hindley. He noted that the pair has barely moved over the session after trading around US$0.8327 in early New Zealand trade. Hindley said trading is very light due to heavy winter storms across New Zealand. "The corporate market is not very active in New Zealand at the moment," he said. Delays and disruptions continued on New Zealand roads and at airports, power lines were damaged and businesses disrupted for the third day running as heavy snow continued to fall across the country. The freak weather, described as the harshest to hit some areas in decades, has affected the South Island and swept up through the North Island as far as Dargaville in the Northland region. Hindley noted the New Zealand dollar eased slightly after the release of Reserve Bank of Australia minutes, in particular against the Australian dollar, but said there was little reaction as they were deemed "largely neutral." With little local data on the calendar this week, Hindley said markets will focus on U.S. industrial production and U.S. housing starts figures due later in the global trading day. Hindley said support is around US$0.8290, while resistance is at US$0.8340. Government bonds yields continued to gain as some confidence returns after last week's volatility, a local bond trader said. By Rebecca Howard, Dow Jones Newswires; 64-4-471-5990; rebecca.howard@dowjones.com

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