The New Zealand dollar (Kiwi) started the week's trading with a decline against the American dollar after the nation reported that the trade balance recorded a deficit for a first time in eight month as commodity prices declined for a third month in August along with the weakening demand on New Zealand's product this period.

On the other hand, the market inclined slightly after the Europe-leaders announced that they started the work on a three-pronged strategy behind the scenes to build a firewall around Greece, Portugal and Ireland to prevent the crisis spreading to Italy and Spain, where the Euro-Zone is to put plan included that may save the euro, adding the common currency will rise and increase the demand on higher yielding currencies.

Furthermore, the Australian currency (Aussie) rose versus its US counterpart as the Australian economy has a rock solid amid the European financial crisis that threatens the global economy, while Australia's economy is benefiting from demand from developing nations including China and India for iron ore, coal and natural gas.