NZD came under modest pressure during the......>

KIWI: NZD came under modest pressure during the Asia-Pacific crossover as BBG

reported comments from RBNZ Gov. Orr, broadcast on Radio NZ, stating that the

RBNZ's "challenge now is to get inflation up, not down." NZD/USD last ~$0.6640.

- This of course comes ahead of the RBNZ's MonPol decision on Thursday, where

analysts expect no change in MonPol. On the decision the NZIER shadow board's

view "remains firmly centred on no change to the Official Cash Rate. The New

Zealand economy is being buffeted by opposing forces. The global economy is

improving, and interest rates are lifting in the major economies, led by the US.

However, businesses have become more cautious about investing in new plant and

machinery and buildings here in New Zealand."

- NZD/USD has breached initial support ($0.6650), after feeling the pressure

from the latest barbs of the U.S.-China trade dispute & profit taking. The next

level of support now lies at the high from Sep 19 ($0.6623). Bulls look to

$0.6700 which capped the pair on Friday, followed by the Aug 30 high ($0.6717).

- Outside of the RBNZ decision risk events this week include Wednesday's NZ

trade balance & ANZ Biz conf. releases & ANZ consumer conf. due Friday.