In New Zealand, traders will be watching for March migration data for signs the net inflow is slowing from record levels.
The ECB's view is at odds with that of Germany's Bundesbank.
The kiwi dollar traded at 70USc as at 8am in Wellington from 70.17USc in New York on Friday and 69.90USc cents in Wellington at the end of last week.
The kiwi dollar rose to 70.24USc at 8am.
Join CMC Markets trader Sheldon Slabbert and Andrew Patterson for Currency Talk.
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