The New Zealand dollar opened weaker as authorities warned workers in Wellington's CBD to stay home pending an assessment of earthquake damage, which closed bank trading rooms and sent glass and rubble falling from buildings.
The New Zealand dollar traded at 79.05 US cents from 79.29 cents in late New York trading on Friday. The trade-weighted index fell to 75.04 from 75.25.
A swarm of quakes off the coast near Seddon in the upper South Island topped out with a magnitude 6.5 shake at 5.09 pm on Sunday, bigger than the devastating magnitude 6.3 quake that damaged Christchurch in February 2011.
Its relative remoteness meant damage was much less severe though with the risk of aftershocks, the kiwi dollar detached from weekend news including China's move to loosen lending rates, Japanese Prime Minister Shinzo Abe upper house election victory and Portugal's failure to reach a political accord to keep its bailout on track.
"The market is a little bit lower" on the back of the earthquakes, said Alex Sinton, senior dealer at ANZ New Zealand. "It's not as low as the situation when the Christchurch earthquake struck" though its fall may extend as offshore markets focus on the event.