The kiwi dollar traded at US0.7035 from 0.7037 in New York on Friday. The trade-weighted index was at 77.49 from 77.55.
Wheeler is scheduled to hold a media conference after the stability report on Wednesday and may take the opportunity to comment on monetary conditions, especially since the RBNZ's November monetary policy statement projects a rebound in inflation this quarter, pushing the annual rate back within the bank's target range. US payrolls on Friday are expected to show the economy added 165,000 jobs last month, enough to keep the Federal Reserve on track to hike interest rates this month.
"Domestically Wednesday’s RBNZ financial stability report followed by Governor Wheeler’s testimony should dictate direction for the NZD ahead of Friday night’s US monthly employment report," traders at HiFX said in a report.
As well as the latest US jobs data, an OPEC meeting and two speeches by European Central Bank President Mario Draghi will draw the attention of investors in the coming days. The Federal Reserve releases its Beige Book on Wednesday in the US. In New Zealand, figures are expected today on building consents for October and business confidence for November
The kiwi dollar fell to A0.9435 from 0.9453 in New York on Friday. It traded at £0.5635 from 0.5644 and traded at €0.6632 from 0.6644. It was little changed at 4.8665 yuan and fell to 79.47 yen from 79.60 yen.
© BusinessDesk
