The New Zealand dollar fell on Tuesday against the currencies of all the country's major trading partners.
ANZ senior foreign exchange strategist Sam Tuck said strong Australian business confidence figures and weak domestic real estate market data dented the Kiwi.
He said a positive outlook from the National Australia Bank business confidence survey drove Kiwi-Aussie selling as people rotated back into the Australian dollar.
Mr Tuck said the REINZ house price index was released with its third successive monthly fall, which caused any demand for the New Zealand dollar to fall away.
At about 5pm, the Kiwi was trading more than half a cent lower than at the same time on Tuesday at 84.13 US cents, at 90.82 Australian cents, 50.2 British pence, 0.6292 euro, 86.07 yen and 5.18 renminbi.
NZ shares little changed
New Zealand shares were little changed, the benchmark Top 50 Index nudging up 6 points to 5056.
Harbour Asset Management portfolio manager Craig Stent said the reporting season was having an impact on values.
He said PGG Wrightson posted its best operating result for a number of years beating its own company guidance and market expectations.
Mr Stent said conversely Summerset had a weaker first half result than last year with stocks down accordingly and Ryman Healthcare and Metlifecare were also down.
He said NZX is also down.
Shares in PGG Wrightson rose 3.5 cents, or nearly 9 percent, to 43 cents.
The agricultural services company turned in a $42.3 million annual net profit compared with a $302.1 million loss last year.
Summerset shares fell 8 cents to $2.90, Ryman dropped 12 cents to $7.85 and Metlifecare shed 8 cents to $4.22.
NZX shares were down 3 cents at $1.25.