The New Zealand Dollar remains firmly within the range (US68c and US71.50c) that it managed to travel in last few weeks and it stick to the gains to close unchanged today.

The Kiwi was at US69.91c, by 5pm, unmoved from its level since yesterday. But, early this morning, it was down from a two-week high around US70.35c.

Daniel Brdanovic, HSBC Chief Manager said, "Over the last few weeks, the kiwi has been in a range-trade and volumes have decreased as the market is very uncertain as to which direction we'll have next".

Corporate or institutional investors showed least interest as they wanted Kiwi to break out of its range to take decisions without delay about either their hedging or investments.

Mr. Brdanovic said, "The market seems to be very nervous as to what are the risks out there".

The world equity and commodity markets are affected by the lack of risk taking.

Kiwi was steady at A76.84c , as against the Australian dollar and it flattened a little bit against the euro to 0.5127 euro.