KEY POINTS:
The New Zealand dollar started the week slightly down on the greenback on the back of poor figures last week, while more data this week may not improve things.
The NZ dollar was worth US52.34c at 8am today down from US52.45c at 5pm on Friday.
There will be a string of data due out this week.
"We suspect today's PSI (Performance of Services) reading for January will move more clearly into contraction territory (from December's 48.0), while Q4's producer prices will likely reflect the tension between falling global commodity prices and the generally weaker NZD," said BNZ's Danica Hampton.
Thursday's Regional Trends publication might help refine GDP forecasts and the key point of interest in December's Crown Financial Statements would be the extent to which underlying tax revenue has taken a further hit, she said.
The New Zealand dollar was up against the Australian dollar, worth A79.97c from A79.61 on Friday. It was also up against the euro, worth 0.4078 from 0.4055.
It was unchanged against the Japanese yen, worth 47.78 yen.
Against the British pound it was up from 36.45p to 36.63p.
- NZPA
