Narrow range for kiwi as eyes on US THE New Zealand dollar traded in a narrow range though it may be headed for some volatility as a raft of Federal Reserve speakers take to the airwaves this weekend ahead of next week's release of the latest Fed minutes. The kiwi was at US82.25 cents at 5pm on Friday in Wellington from US81.99c at 8am and US82.21c at the start of the New Year. The Fed plans to reduce its bond-buying programme by $US10 billion to $US75b this month as it gains confidence about a revival in the world's largest economy. Investors will be eyeing speeches by a slew of Fed officials this weekend, including Fed Chairman Ben Bernanke, Philadelphia Fed Bank President Charles Plosser, Fed Governor Jeremy Stein and Richmond Fed Bank President Jeffrey Lacker for clues as to the central bank's plans for further easing of its stimulus programme, which has dented the greenback. "Over the next two days we are going to get 10 different Fed speeches so that could be quite interesting," said Chris Weston, chief market strategist at IG Markets. We may get some more volatility. We will have to see what the different Fed speakers say. In the meantime, reduced liquidity in the market is limiting the kiwi to a range of US81.70-82 cents, he said. "There are not a lot of people back at their desks at the moment," Mr Weston said. Next week that's when we will get the full volume coming back in and you can start looking at the moves in a much more significant manner. On Friday, the NZ dollar rose to 60.25 euro cents at 3pm from 59.98 cents at 8am and to 50.02 British pence from 49.98 pence. The kiwi fell to 91.66 Australian cents from 91.89 cents in the morning and little changed at 85.74 yen from 85.81 yen. Japanese banks are closed today for a four-day bank holiday. The trade-weighted index was at 77.67.