The New Zealand Dollar was trading a little lower against the U. S. Dollar late Monday, as the market was in anticipation of indications from the beginning of the U. S. proceeds season.
ANZ Foreign Exchange Manager, Murray Hindley said that the Kiwi had been comparatively range bound against the U. S. Dollar.
He said, "Equity markets are pretty much on hold until we see what sort of results we are going to get".
He added that foreign incidents kept on dominating the New Zealand Dollar's moves, but local statistics about to be made public this week, might also offer some signs.
Retail trade data for May and the June quarter Consumer Price Index will be released later in the week by Statistics New Zealand.
Westpac said in its weekly commentary that the worldwide risk sentiment background is slightly optimistic and anticipations for this week's NZ financial figures continues to be a little positive.
The New Zealand Dollar completely dismissed the release of statistics on the Government's core operating deficit to the 11 months that concluded on May 31, even though, it revealed that tax proceeds were a little ahead of the prediction and spending was somewhat lower than anticipated.
