The New Zealand dollar followed its Australian counterpart in overnight trading.
At 8am today the kiwi was worth US71.48 cents, down slightly from US71.70c at 5pm yesterday.
The Australian was the outperformer, in the wake of a solid employment report, consolidating its domestic session gains between US89.60c and US90.25c, said Westpac market strategist Imre Speizer.
The Australian dollar has risen on news the Australian economy added 33,700 jobs in April.
The NZ dollar also followed, consolidating between US71.50c and US71.95c. Against the Australian dollar, the kiwi ranged between 1.2500 and 1.2560. A79.62 and A80c.
Locally, retail trade figures for the March quarter are due out today but the weak euro would cast a bearish pall over today's downunder markets. The kiwi was is unlikely to breach US72c today, and was more likely to head towards US71c, Mr Speizer said.
The kiwi was worth A79.75c at 8am today, from A79.67c at 5pm yesterday.
It was up to 0.5704 euro from 0.5664, down to 66.31 Japanese yen from 66.82 and up to 48.93p against the British pound from 48.27p yesterday.
The trade weighted index was little changed at 68.32 from 68.30 yesterday.
In overseas foreign exchanges, the euro weakened against the dollar on Thursday and touched a record low against the Swiss franc on fear that harsh fiscal tightening in Europe would dampen an already-weak recovery.
While investors were relieved that Spain and Portugal were taking steps to cut budget deficits, they also feared this would slow down euro zone growth. That knocked the euro down to $US1.2540, about 30 cents from last week's 14-month low.
The euro fell 1 percent versus the yen to 116.49 yen and hit a record low versus the Swiss franc of 1.3997 francs, according to EBS.
The US dollar fell 0.5 percent to 92.70 yen.