The New Zealand dollar is little changed against most currencies of the country's major trading partners but is slightly higher against the Australian dollar and the Japanese yen.
Bank of New Zealand foreign exchange strategist Raiko Shareef said the markets were waiting for the US Federal Reserve's latest statement about monetary policy.
At about 5pm on Wednesday, the kiwi was trading virtually unchanged from that time on Tuesday at 86.60 US cents, 51.03 British pence, 0.6389 euro and 5.39 renminbi.
It was nearly a quarter cent higher at 92.71 Australian cents and slightly up at 88.47 yen.
NZ shares fall slightly
New Zealand shares dropped slightly with the benchmark Top 50 Index 9 points to 5184.
Craigs Investment Partners head of wealth research Mark Lister said stock markets were in a bit of a holding pattern.
He said the market was down which is similar to what is being seen in Australia and some of the Asian markets.
Mr Lister said the market is in a holding pattern waiting for US Federal Reserve monetary policy announcement as well as New Zealand's gross domestic product data.
Diligent shares rose 9 cents to $4.50 while Pacific Edge shares were unchanged at 87 cents after earlier being down 5 cents.