The New Zealand dollar is little changed from last week as traders await retail sales data amid expectations of quiet trading with US markets on holiday for President's Day.
The kiwi was trading at 74.50 US cents at 8am in Wellington, from 74.52 cents at the New York close and 74.38 cents at 5pm in Wellington on Friday. The trade-weighted index was at 77.23 from 77.14 last week.
The New Zealand dollar was broadly steady over the weekend as traders mulled continuing talks between Greece and Eurozone finance ministers over the country's debt burden and a ceasefire agreement between Ukraine and rebel forces. With US traders out of the market, the kiwi is likely to take its direction from local data.
"We have the US holiday tonight for President's Day, so trading will be thin," said Stuart Ive, senior dealer, foreign exchange at OMF. "It's going to be a relatively slow start to the week. We will take our cue from the kiwi retail data this morning. That will really set the tone for the week."
New Zealand retail sales volumes probably rose 1.3 per cent in the fourth quarter of last year, according to a Reuters poll of economists. The data is due for release at 10:45am.
