The New Zealand dollar was little changed on a day that provided new information about the economy, kicking off a week that includes labour market data, the latest GlobalDairyTrade auction and the minutes of the last Federal open Market Committee meeting.
The kiwi dollar traded at 71.75 US cents as at 5pm in Wellington, from 72 cents in late New York trading on Friday. The kiwi climbed as high as 72.53 US cents on Friday after figures showed little changed US retail sales for July against forecasts for a 0.4 percent gain.
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The trade-weighted index slipped to 76.07 from 76.30 at the end of last week.The household labour force survey for the second quarter is expected to show the unemployment rate rose to 6.3 percent from 6.2 percent, not enough to change expectations for the timing of further central bank rate cuts, while the dairy futures market is pointing to a second jump in prices at this week's dairy auction.