NZD/USD last $0.6844 dropped nearly 30 pips....>

KIWI: NZD/USD last $0.6844 dropped nearly 30 pips in Asia-Pacific trade after

U.S. Trade Rep Lighthizer said that the U.S. is investigating available tools to

raise tariffs on Chinese vehicles to the 40% charged by China on vehicles

imported from the U.S. Lighthizer's comments renewed worries over U.S.-China

trade relations, which both countries' leaders are set to discuss at a meeting

this weekend. The pair has seemingly consolidated after printing session lows of

$0.6840. 

- The rate was rather flat yesterday before spiking some 90 pips higher on the

back of Fed Chair Powell's dovish MonPol suggestions. 

- Bears eye the psychological $0.6800 figure and a break below would set them to

target yesterday's low at $0.6784. Bulls focus on the 200-DMA at $0.6867 and a

move through that level would open up yesterday's high at $0.6887. 

- NZ highlights this week include ANZ cons. conf. & building permits due Friday

with Trump-Xi Saturday meeting also in the spotlight.