The New Zealand dollar may fall from a 3 and-a-half month low this week.

Disappointing jobs numbers from both sides of the Atlantic weighed on equities overnight, a day after they reached a four-year high on Wall Street.

A slew of worrying news from Europe hammered equities in the euro zone and on Wall St overnight. The euro suffered too.

John Key says the Government is considering what can be done to resist a rising Kiwi dollar.