Meanwhile, oil prices jumped 12 percent on renewed talk of production cuts.
"Overall the US dollar was stronger, gaining a boost from the US retail sales report," Bank of New Zealand senior market strategist Kymberly Martin said in a note. "The tone of this report made a pleasant surprise compared to the recent trend of US data disappointments. The New Zealand dollar was the weakest performer relative to its peers."
Martin said she doubted if oil would rise further without solid evidence of supply constraint.
In New Zealand today, the BNZ-BusinessNZ Performance of Services Index is released at 10:30am. The US is closed for the Presidents Day holiday, while Chinese markets return from a week-long Lunar New Year holiday.
Chinese data on trade and new yuan loans is out today. Chinese central bank governor Zhou Xiaochuan said that there was no basis for continued yuan depreciation given that the nation's balance of payments are good, capital outflows are normal and the exchange rate is basically stable again a basket of currencies, according to an interview in Chinese financial magazine Caixin published at the weekend.
The New Zealand dollar fell to 92.92 Australian cents from 93.76 cents on Friday, weakened to 58.85 euro cents from 59.16 cents, dropped to 45.60 British pence from 46.19 pence, slid to 74.98 yen from 75.50 yen, and declined to 4.3487 yuan from 4.3921 yuan.