Inflation data out this morning is regarded as the highlight of the economic calendar this week, but the latest GlobalDairyTrade results are due out early tomorrow, with futures pointing to a small fall.
Also out this week are the Statistics New Zealand immigration figures for September. These are likely to remain robust at about 5500.
The Government last week announced measures to stem the flow of migrants, particularly concerning the parental qualifications under which migrants can bring in their parents to New Zealand.
Craigs Investment Partners broker Peter McIntyre said having peaked at 6230 last November, monthly migration had consistently been in a range of 5300 to 5700, with the average for the last six months just above 5500.
"While the monthly migration numbers will probably remain stable around these levels over the next few months, at the end of the year we might see the annual totals fall away as we cycle past the very strong months of October and November last year."