The New Zealand dollar may decline this week, weighed down by dovish sentiment from the Reserve Bank of Australia, a decline in dairy auction prices and low US jobs growth.
The kiwi may trade between 65.45 US cents and 69.20 cents this week, according to a BusinessDesk survey of nine currency analysts.
Five picked the kiwi to fall, two say it may gain and two expect it to remain relatively unchanged. It recently traded at 67.54 US cents.
Currency traders have plenty of data to mull over this week as they weigh the outlook for global growth and interest rates.
For New Zealand, data is due on employment, housing, commodities, vehicle sales and dairy prices while in the US the focus will be on Friday's nonfarm payrolls report, an important gauge for the Federal Reserve, which is expected to show employers in the US added fewer than 200,000 workers for a third month in October.
Traders are data focused after both the Fed and the Reserve Bank of New Zealand last week stressed they were monitoring upcoming data releases as they pondered the future interest rate track.
In New Zealand this week, Quotable Value is scheduled to release monthly housing market data tomorrow, and Auckland real estate agency Barfoot & Thompson is also likely to publish its statistics on the city's bubbling market.
ANZ Bank is due to publish its monthly commodity price index tomorrow ahead of the overnight GlobalDairyTrade auction where futures market pricing is predicting a decline in the price of New Zealand's largest commodity export.
In Australia this week, the RBA is expected to keep interest rates on hold tomorrow with more detail on its view of the economy released in its Statement on Monetary Policy published on Friday. RBA governor Glenn Stevens will give a speech at the Melbourne Institute 2015 Economic and Social Outlook Conference on Thursday.
As well as the latest employment numbers in the US, there's the ISM's October manufacturing and October construction spending, due today; US September factory orders and October vehicle sales, due Tuesday; September trade and the ISM's services index for October and ADP private payrolls for October, due Wednesday, as well as weekly jobless claims, due Thursday.
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