The New Zealand dollar is expected to drop this week, weighed down by several offshore events.

It's likely to be affected by dovish sentiment from the Reserve Bank of Australia, as well as a decline in dairy auction prices.

Currency analysts believe the kiwi will trade between 65 and 69 US cents.

It recently traded at just over 67 US cents.

The release of job data in the United States is also expected to have an impact on the New Zealand dollar.