The New Zealand dollar was slightly weaker against its US counterpart this evening, dragged down by the Australian currency which fell to a near four-year low of 87.47 US cents on the back of weaker than expected retail sales figures.
Bank of New Zealand foreign exchange strategist Raiko Shareef said there was very little focus on the Kiwi, which may see some consolidation at current levels.
At 5.20pm today, the New Zealand dollar was mixed at 77.79 US cents, 89.60 Australian cents, 48.03 British pence, 0.6165 euro, 85.48 yen and 4.77 renminbi.
The New Zealand sharemarket was stronger today, with the benchmark Top 50 Index up 20 points to 5275 at the close of trade.
The director of wealth management at Murray & Co, Johnny Cochrane, said prices were mixed as a number of company shares were ex-dividend.
Skellerup's share price fell 3 cents to $1.53, Genesis was down 6 cents to $1.96 and Ebos dropped 20 cents to $9.05.
Oceana Gold gained 2 cents to $2.70, Infratil rose 6 cents to $2.89 and Spark was up 6 cents to $3.03.
