The New Zealand dollar weakened after Chinese data at the weekend signalled a slowdown in the property market of Asia's largest economy.
The kiwi was at 86.27 US cents at 8am in Wellington, from 86.21 cents at the New York close and 86.42 cents at 5pm in Wellington on Friday. The trade-weighted index slipped to 80.21 from 80.32 on Friday.
China, Australia and New Zealand's largest trading partner, released a report at the weekend showing new home prices in April rose in the fewest cities for 18 months even as developers offered deep discounts and some local governments eased property curbs.
Concern about the effects of a deflating property bubble in China may weigh on the kiwi and Aussie on Monday, strategists said.
"A property slowdown has long been desired by the authorities, but there is a risk this train could overrun the station," ANZ said in a note.
The BNZ-BusinessNZ PSI monthly survey of the services sector for April is due out as is the first quarter producers price index.
The New Zealand dollar slipped to 92.08 Australian cents, from 92.34 cents on Friday.
The kiwi was little changed at 63.01 euro cents from 62.99 cents on Friday, slipped to 51.30 British pence from 51.44 pence and weakened to 87.63 yen from 87.70 yen.
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