The New Zealand dollar is little changed against the currencies of all the country's major trading partners.
ASB Bank head of external foreign exchange sales Tim Kelleher said the market was eyeing the key monetary policy statement by the Reserve Bank due on Thursday.
"Very quiet today, with the Australians observing their Queen's Birthday Weekend holiday," Mr Kelleher said.
"Also, there's very little data out in the next couple of days ahead of obviously a very important Thursday, with the Reserve Bank - we're expecting a 25 basis point hike.
"It is the bank's view that then the Reserve Bank will go on hold until December but obviously (Reserve Bank Governor) Graeme Wheeler's commentary will be keenly watched as well."
Figures showing wholesale sales fell 0.4 percent in the March quarter were largely ignored because those figures tend to be volatile and the previous two quarters had shown growth of more than 2 percent.
Just after 5pm, the New Zealand dollar was buying: 85.13 US cents, 91 Australian cents, 50.65 pence, 0.6241 euro, 87.28 yen and 5.31 renminbi.
Shares little changed
New Zealand shares were little changed as well, the benchmark Top 50 Index up just 4 points to 5186.
Craigs Investment Partners head of wealth Mark Lister said the Australian Queen's Birthday holiday put a dampener on activity.
It was also a "little lacklustre" compared to some of the Asian markets, which were looking quite strong on Monday, Mr Lister said.
"I think you would expect to see markets up from the good lead from elsewhere on Friday night but you have to remember that the New Zealand market was very, very strong through January, February, March this year - it was up 8 percent, and most other markets were flat to even down a little bit, so things have turned on their head.
"Now the last little while we've seen the New Zealand market go a bit sideways while you see Australia and Europe and the US and so forth play a little bit of catchup and perform a little better."
Fisher & Paykel Healthcare shares gained 3 cents to $4.71 while Pacific Edge shares rose 1 cent to 85 cents.
