Today, 

Signs that budget talks between US Democrats and Republicans are finally progressing are raising optimism an agreement to avoid the fiscal cliff will be reached by year-end.

American corporate earnings are expected to show the negative impact of Europe's continued struggle to get its sovereign debt crisis under control and a slump in China's pace of expansion.

Wall Street recovered from yesterday's declines, helped by data showing US home prices rose for a third straight month in April, showing more convincing signs of recovery.

Foreign exchange analysts say the kiwi may fall this week as European policymakers meet to discuss the region's sovereign debt concerns.

The kiwi may rise this week after good news from Greece and possible postive moves in the US.