The kiwi traded at 68.56 US as at 8am in Wellington from 68.66 cents on Friday in New York.
The New Zealand dollar rose, snapping a five-day decline, after weaker-than-expected US manufacturing a construction data and a key measure of risk appetite fell to its lowest level since before the global financial crisis.
The kiwi dollar rose to 69.06 US cents as at 8am from 68.56 cents late yesterday.
The trade-weighted index rose to 74.97 from 74.51.
The Chicago Board Options Exchange Volatility Index (VIX), known as Wall Street's fear gauge fell as low as 9.56, the lowest since early 2007, while the US ISM manufacturing survey came in as 54.8 in April compared to expectations of 56.5, and March construction spending missed estimates with an unexpected 0.2 per cent decline.
While the US dollar index recovered from its initial selloff, the kiwi and the Australian dollars were among the best-performing major currencies overnight.
"After five consecutive daily losses and trading to nine-month lows against the USD, the NZD along with the AUD have rallied," traders at HiFX said in a note.
