A weakened United States dollar underpinned the New Zealand's dollar reaching a post-float high of US85.06c yesterday, which followed hard on the heels of global spot gold prices also topping a record $US1584 ($NZ1867) per ounce overseas.
The New Zealand dollar today jumped to its highest exchange rate against the greenback since it was floated in March 1985, and reached US83.18c just after 3pm.
Its previous post-float high of US83.01c was notched up last Friday night.
The New Zealand dollar consolidated above US79c today and rose against a euro weakened by worries about European sovereign debt.
The New Zealand dollar rose against the Australian dollar today when it came under pressure in the wake of weaker than expected retail sales data.
Further weakening of the US dollar yesterday was reflected in record spot gold prices around the world and the Australian dollar almost reaching parity with the greenback.
The New Zealand dollar slipped across a range of currencies, as investors again lost their appetite for risk.
The New Zealand dollar drifted slightly lower today after pushing up to its highest level in more than a week against major currencies during the weekend on hopes for a firmer global economic recovery.
The New Zealand dollar headed into the weekend around its best level since late June as the Australian dollar held near two-week highs in the wake of strong employment data yesterday.
The New Zealand dollar jumped near the day's end on the back of a Reserve Bank of Australia decision to keep interest rates steady across the Tasman.
The New Zealand dollar fell to its lowest level in three weeks today but the Australian dollar got a lift late in the session from reports of a deal on the controversial mining tax.
The New Zealand dollar drifted lower today after rising during the weekend.
The New Zealand dollar traded in a narrow range at lower levels today and it is continuing to reflect events offshore.
The New Zealand dollar continued to retreat from its five-week high overnight, dragged down by a weakening euro.
The New Zealand dollar fell in afternoon trading when the Australian dollar, euro and sterling weakened and US dollar rose, a dealer said.
The New Zealand dollar drifted lower in its domestic session after rising on Tuesday night as equity markets strengthened and investors became more comfortable with risk.
The New Zealand dollar came under a little pressure from profit taking today but still finished above US68c.
The New Zealand dollar drifted lower today, which dealers attributed to a weak tone in the euro and indications of weaker equity markets.
The New Zealand dollar recovered today from a fortnight low against the US dollar, rebounding above the key US66c level by the end of domestic trading.
The New Zealand dollar settled into a fairly narrow range today after pushing to within a whisker of US69c on Thursday night.
The New Zealand dollar traded in a relatively narrow range today after a volatile overnight session on Tuesday night as it continues to reflect global events.
