The New Zealand dollar edged up after a busy night, as the yen and greenback softened and investors regained their appetite for risk.
At 8am today, the NZ dollar was buying US63.52c, up slightly from US63.36c at 5pm yesterday.
Against the Australian currency, the kiwi was trading for A80.44c, down from A80.90c yesterday.
The result followed the release of NAB's Australian Business surveys, which saw business conditions climb to a nine-month high and the first positive outcome for business confidence since late 2007, BNZ senior strategist Danica Hampton said.
The kiwi was marginally up against both the euro, at 0.4556 from 0.4531 yesterday, and the yen, at 59.32 from 59.03 at 5pm yesterday.
The trade weighted index gained slightly, reaching 60.08 from 59.94 yesterday.
ANZ senior markets economist Khoon Goh expected profit taking in the US rates markets to flow through into higher yields in the NZ market today.
He said comments from Reserve Bank Governor Alan Bollard established underlying support for the kiwi and ensured that even in offshore trading with a weaker euro the NZ dollar was not visiting lower levels.
"There appears more gas left in the NZD tank as it may well attack the next level of resistance throughout today's trading," he said.
Overseas, the yen fell, while the US dollar struggled against most major currencies as Goldman Sachs Group's earnings and June US retail sales surpassed expectations, stoking modest hopes for an economic recovery and boosting investors' appetite for higher-yielding assets.
The 33 percent rise in Goldman Sachs' quarterly earnings lifted some spirits, though market participants remained cautious ahead of reports this week from other banks, including Citigroup Inc and JPMorgan Chase & Co.
