The New Zealand dollar was little changed in local trading ahead of a slew of US data this week which may provide clues about how long the Federal Reserve will put off slowing its monetary stimulus.

The kiwi traded at 84.85 US cents at 5pm in Wellington from 84.81 cents at 8am and 84.60 cents on Friday in New York. The trade-weighted index edged up to 78.16 from 78 at the Wellington close on Friday.

Investors are eyeing up risk-sensitive assets again after the protracted negotiations to pass the US federal budget and raise the US debt ceiling, prompting a partial shutdown of government services, looks likely to have slowed growth in the world's biggest economy.

That's expected to feed into the Fed's view of the economy, and further delay its plans to start tapering down its $US85 billion monthly asset purchases.

The release of US data, including September non-farm payrolls, has delayed because of the shutdown, and is set for publication this week.

"The US tapering story has been deferred until next year in light of the shutdown," said Dan Bell, head of corporate sales at HiFX in Auckland.

"The overall repositioning looks like a return to the carry trade, favouring the flightless bird," he said, referring to the kiwi.

The kiwi rose to 83.09 yen at 5pm in Wellington from 82.90 yen on Friday, and was little changed at 87.84 Australian cents from 87.86 cents last week. It increased to 62.05 euro cents from 61.89 cents last week.


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