(RTTNews) - The Australian dollar erased some of its early Asian gains against the New Zealand dollar in late trading on Monday. The aussie thus eased to 1.2335 against the NZ dollar by 1:05 am ET from previous high of 1.2388 hit earlier in the session. The aussie-kiwi pair that closed last week's deals at 1.2357 is presently quoted at 1.2338.