NZD/USD last deals at $0.6584, marginally......>

KIWI: NZD/USD last deals at $0.6584, marginally lower on the day.

- The rate ticked higher in yesterday's Asia-Pac session as NZ Tsy unveiled the

details of its NZ$12bn fiscal stimulus package, but the pair lost ground as the

focus turned to lower growth forecasts from NZ Tsy & hawkish trade war comments

from White House advisor Navarro. Reported AUD/NZD buying added pressure to kiwi

crosses. That said, NZD/USD rebounded in Europe, as the greenback softened in

the lead-up to the monetary policy decision from the FOMC. The rate extended

gains as the FOMC left rates unch. as exp., while Fed Chair Powell noted that

only a significant, persistent pick-up in inflation could warrant a rate hike.

- NZD/USD had a brief look above the $0.6600 mark yesterday and bulls continue

to keep an eye on the level. A break here would open up the 76.4% retracement of

the Jul 19 - Oct 1 slide at $0.6652. A dip under the 200-DMA at $0.6537,

however, would encourage bears to set their sights on yesterday's trough at

$0.6523.

- Remaining NZ data releases this week include REINZ House Sales and BusinessNZ

M'fing PMI, both due on Friday.