The kiwi was trading at 70.37 US cents as at 5pm in Wellington versus 69.99 US cents as at 8am but was largely unchanged from 70.44 cents yesterday. New Zealand's 10-year government bonds were up around 3.5 basis points in afternoon trading while US 10-year yields were largely flat overnight. New Zealand's two-year swap rate rose 2 basis points to 2.3 per cent and 10-year swaps rose 4 basis points to 3.26 per cent. The kiwi was at 93.70 Australian cents from 93.59 cents yesterday and fell to 4.8439 Chinese yuan from 4.8470 yuan. It was at 65.58 euro cents from 65.69 cents yesterday and at 76.65 yen from 76.49 yen.

Source: New Zealand Herald April 20, 2017 05:14 UTC