The New Zealand dollar been flat against most of the country's major trading partners in what has been a quiet day.
ASB institutional foreign exchange sales head Tim Kelleher said it was not "dramatically" lower but had drifted off the levels of late Friday.
"We've seen a move back down in the currency, given there's talk now of an October tapering from the Federal Reserve, and so there was a little bit of profit-taking on the moves from last week," Mr Kelleher said.
Just after 5pm, it was buying: 83.67 US cents, 88.75 Australian cents, 52.21 pence, 88.72 yen and 0.6183 euro.
Stock market down
The stock market ended the day down, with the NZX Top 50 Index closing down 29 points, or 0.6%, at 4701.
Mint Asset Management portfolio manager Shane Solly said the local market had taken the lead from offshore.
"I think we've seen a bit of a pullback on the New Zealand market, certainly being influenced by what has happened globally," Mr Solly said.
"Our market has been reasonably robust in the last few weeks so we're certainly having a bit of a pause after quite a strong run."
Among the main movers was Oceania Gold, which fell 6.6%, influenced by a gold price which has been volatile since the United States tapering announcement.
Michael Hill, Pumpkin Patch and the Warehouse all fell, while Telecom, Mighty River Power, Goodman Property and Air New Zealand were all up.
