The New Zealand dollar rose after weaker US jobs data prompted some investors to pull back expectations for the Federal Reserve to start tapering its bond buying programme this month.

The kiwi advanced to 80.09 US cents at 8am in Wellington from 79.96 cents at the New York close last week and 79.09 cents at 5pm in Wellington Friday. The trade-weighted index gained to 75.69 from 74.96 in Wellington Friday.

The US dollar index, which measures the greenback against a basket of currencies, slipped after a key US labour indicator on Friday printed weaker than expected and the previous two months of data were revised lower. That prompted some investors to pare back expectations for the Fed to start tapering its $US85 billion ($NZ107.77b) a month in bond buying, which has seen funds flow from emerging market economies.

"There might be a slight pricing out of an early tapering," said Kevin Morgan, senior dealer at OM Financial "I'm not sure that I would necessarily agree with that. I think the kiwi has rebounded after the pressure that we have seen from the emerging market story."

Traders are eyeing potential western military action in Syria as US Secretary of State John Kerry tries to muster support for US action ahead of an expected vote in Congress this week.

In New Zealand reports are due on second quarter manufacturing and house values.

The New Zealand dollar rose to 86.92 Australian cents at 8am in Wellington from 86.61 cents at 5pm on Friday after Australia's Liberal-National Party coalition ousted the Labor Party at the weekend's Federal election.

The kiwi advanced to 79.79 yen from 78.96 yen on Friday ahead of reports on second quarter growth and balance of payments, and it rose to 60.81 euro cents from 60.25 cents and gained to 51.22 British pence from 50.67 pence.